It’s possible some parts of the Bay Area could see gas prices reach close to $6 a gallon if Russia invades Ukraine, an analyst says.
Gasbuddy.com petroleum analyst Patrick DeHaan told NBC Bay Area an invasion would put the Bay Area on the cusp of reaching another all-time high.
"It’s nearly guaranteed that a Ukraine invasion, combined with other seasonal factors, would boost California and the Bay Area to over $5 a gallon," DeHaan said."We could see prices go halfway to $6 a gallon by the time Memorial Day rolls around if Russia does invade Ukraine." The U.S. is threatening economic sanctions against Russia if it does invade Ukraine, but Russia could respond by cuttng how much oil it exports.
On top of that, DeHaan said terrorist attacks in the United Arab Emirates and unrest in Lybia also are contributing to higher gas prices, along with ongoing pandemic supply issues.Download our local news and weather app for
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