Gas prices could soar if Russia invades Ukraine
CNN
If Russia invades Ukraine, inflation-weary Americans will likely pay the price at the pump.
Oil prices have already shot up to seven-year highs in recent days. A conflict between Russia and Ukraine, which the White House has warned could be imminent, would have the potential to drive them much higher.
That's because Russia is the No. 2 oil producer on the planet, behind only the United States. And Ukraine is a key energy transit hub, where a large amount of Russian natural gas exports to Europe flow through.
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