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Message: <blockquote data-quote="fishtm2001" data-source="post: 5418472" data-attributes="member: 54375"><p>The biggest driver of the cost of gas is the price of crude oil, which has been <a href="https://www.vox.com/2022/3/10/22967368/oil-gas-prices-russia-ukraine-war-biden-sanctions" target="_blank">going up since October</a> and is <a href="https://www.cnbc.com/2022/06/16/oil-markets-supply-demand-outlook.html" target="_blank">hovering around $120</a> a barrel, up from <a href="https://fred.stlouisfed.org/series/DCOILWTICO" target="_blank">$70</a> a year ago. Russia’s war in Ukraine led the US and Europe to sanction Moscow, including its crude oil, which made up about 12 percent of the global market. (Before the war, the US got less than 4 percent of its oil from Russia, but <a href="https://www.bbc.com/news/business-61643613" target="_blank">those sanctions</a> have affected oil markets globally by making it more expensive for others to access that oil.)</p></blockquote><p></p>