Oil Slick Stuff

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[h=1]Yellen says price cap on Russian oil is ‘one of our most powerful tools’ to address inflation[/h]
Janet Yellen encourages Russian oil consumers to essentially unionize against Russia and put a price cap on Russian oil. The idea is this price cap would keep Russia's oil production profitable but not enough to fund Russia's war with Ukraine. This is an idea that has been criticized by European and Asian countries previously but Yellen presses that without a price cap the war would continue, and pump prices would continue to rise.
 
The Sept Oil futures are up to $101 this morning.

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What the heck is going on? Yesterday morning most gas stations I passed had gas between $3.35 and $3.39. By the afternoon most of them had jumped up to $3.69.
 
Gas within a 5-mile radius is between $3.29 and $3.89 per gallon. Around me the average is $3.69 per gallon. Just a week ago around me was $3.45 per gallon.
 
Gas by me has been bouncing all over the place for the last two weeks. Currently within a 5-mile radius gas is $3.11 to $3.79.
 
Well, the station right around the corner from me was $3.29 this morning. Late this afternoon it was $3.69. What the heck!!!
 
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