Russian troops launched a wide-ranging attack on Ukraine on Thursday, disrupting and endangering countless lives, and beyond its human toll, the conflict looks set to send prices spiraling even higher at gasoline pumps and grocery stores around the world.
Russia and Ukraine are major producers not only of energy products but also grains and various other commodities. War could upend global supplies, as could sanctions brought by the United States and other allies.
Oil prices on both sides of the Atlantic jumped toward or above $100 per barrel to their highest levels since 2014, up more than 6%. Wholesale prices also shot higher for heating oil, wheat and other commodities.
FOX 5’s Bob Barnard reports gas prices in the DMV are well above the national average, which is $3.53 per gallon, according to AAA.
Click here to read the rest of the article written by Bob Barnard over at Fox 5 DC
