"Gas prices at the pump were soaring long before Russia invaded Ukraine. The conflict has produced the prospect of a shortage of commodities,
especially energy products, and sent Brent and WTI well over the $110
mark in recent days. Russia is one of the world's largest crude oil
suppliers. The spillover effects of the Biden administration sanctioning
the country into oblivion have resulted in one of the most significant
daily jumps of gasoline on record. According to new AAA fuel
data, the current national average gas price is $3.837, up almost 11
cents overnight, the second biggest move on record since the early days
of the Iraq war in 2005. At this rate, gas prices could exceed the
record in days, which is only 27 cents away." ZeroHedge
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