Gas Prices Could Go Back To $5

Almost exactly four years ago, Russia started its invasion of Ukraine. Fairly quickly, the US sanctioned Russia’s oil exports. Russia produced 12% of the world’s oil then. By March, Brent crude futures hit $138. The increase in gas prices was not far behind. It reached $5.02 in June 2022. The run-up was fast. The price … Gas Prices Could Go Back To $5