There IS a connection…
Lets face it…
The gas/oil used now was paid for WAY before the Ukraine action…
So?
Somebody is jacking up the prices….
IF President Biden goes after the Russian oil exports?
Which WILL hurt the Russian economy terribly and force Putin to deal with…..
US and European oil/gas prices WILL probably go thru the roof…..
Something President Biden is worried about….
President Biden is considering steps to reduce U.S. imports of Russian oil, the White House said Friday, as bipartisan support in Congress for a ban on the imports grows amid the Russian invasion of Ukraine.
“We are looking at options we could take right now to cut U.S. consumption of Russian energy, but we are very focused on minimizing the impact to families,” White House press secretary Jen Psaki told reporters during a briefing Friday afternoon. “If you reduce supply in the global marketplace, you are going to raise gas prices.”
Psaki declined to explicitly lay out the specific steps that Biden is considering. Bloomberg News reported Friday that the White House is considering a ban on U.S. imports of Russian crude oil in response to Russia’s invasion of Ukraine….
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President Biden is considering steps to reduce U.S. imports of Russian oil, the White House said Friday, as bipartisan support in Congress for a ban on the imports grows amid the Russian invasion of Ukraine.
“We are looking at options we could take right now to cut U.S. consumption of Russian energy, but we are very focused on minimizing the impact to families,” White House press secretary Jen Psaki told reporters during a briefing Friday afternoon. “If you reduce supply in the global marketplace, you are going to raise gas prices.”
Psaki declined to explicitly lay out the specific steps that Biden is considering. Bloomberg News reported Friday that the White House is considering a ban on U.S. imports of Russian crude oil in response to Russia’s invasion of Ukraine….
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About 3 percent of crude oil shipments to the U.S. came from Russia last year. Russia accounts for about 10 percent of the global oil supply and is the third largest producer after the U.S. and Saudi Arabia.
A bipartisan group of lawmakers in the Senate released legislation Thursday that would block U.S. imports of Russian oil. Speaker Nancy Pelosi (D-Calif.) also backed the idea at a news conference.
“I’m all for that — ban it,” Pelosi said. “Ban the oil coming from Russia.”
The White House has said that it is not in the United States’ “strategic interest” to reduce the global energy supply in response to the growing calls….
U.S. gasoline prices jumped 11% over the past week to the highest since 2008 as global sanctions cripple Russia’s ability to export crude oil after its invasion of Ukraine, automobile club AAA said on Sunday.
AAA said average U.S. regular grade gasoline prices hit $4.009 per gallon on Sunday, up 11% from $3.604 a week ago and up 45% from $2.760 a year ago.
AAA said that was the highest average for regular grade gasoline since July of 2008, when U.S. crude futures soared to a record $147.27 a barrel….
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