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USAFacts
National

Is the Russia-Ukraine conflict causing energy prices to rise?

United States Oil Ukraine Russia Gas Prices Electricity uranium

One month after Russia invaded Ukraine, Americans paid 20% more on average for regular unleaded gasoline. But the war in Ukraine is not the only thing affecting energy prices. Inflation has been increasing for months, and supply chain issues still affect the economy. With that larger view, how much of the increase in oil and gas prices can be attributed to the conflict between Russia and Ukraine?

What causes gas prices to rise or fall? 

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