Oil futures reaches rate not seen since 2014, sending gas prices further up
Oil futures are now more than $100 per barrel, a price not seen since 2014.
COLUMBIA, SC (WOLO)–Industry experts say prices at the pump could reach $4 per gallon because of the Russian invasion of Ukraine. In South Carolina, drivers are paying an average of $3.48 a gallon, that is up nearly 25 cents over last week. The national average stands at $3.60 cents a gallon, according to Gas Buddy. Categories: Local News Tags: Gas…
Senator Graham said the entire economy of Russia depends on the oil and gas sector, and the U.S. should shut it off.
COLUMBIA, SC (WOLO )– Prices at the pump in South Carolina and across the nation continue to rise. The spike at the pump, experts say, is mostly due to the Russian invasion of Ukraine. AAA says Russia trails only the U.S. and Saudi Arabia in oil production, so that move would cause gas prices to increase globally. The average price…
Oil futures are now more than $100 per barrel, a price not seen since 2014.
Consumer News: Winter storm grounds more than 1,000 U.S. flights, ways to keep your bills in check amid heightened prices.
Analysts say a Russian invasion of its neighboring country would be matched with severe financial sanctions. That would likely lead the Kremlin to withhold oil from the world market, which is already struggling to stay afloat with demand.
Consumer News: More bad news at the gas pump, sales to look out for this week.
The pain at the pump continues here in South Carolina.
Consumer News: Columbia gas prices up, Americans caught in the grip of inflation and more.
Just in the last week, gas prices in Columbia have risen more than 9 cents per gallon.