Prices at the pump could pass four dollars per gallon in the coming weeks, as oil passed ninety dollars a barrel for the first time since 2014.
According to Patrick De Haan, Head of Petroleum Analysis at Gas Buddy, geopolitical tensions between Russia and Ukraine are sending jitters through the market on fears of war.
On Thursday, President Biden issued a warning to Americans to ‘understand’ the prices at the pump as his administration issued new sanctions on oil producers in Europe.
During trading on Thursday, oil passed ninety dollars a barrel for the first time since 2014.
***Report Courtesy of farmweeknow.com***
