Modern Gentlemen
  • Home
  • Reviews
  • Blog
  • News
  • About
  • Our Team
  • Contact
Modern Gentlemen

Lifestyle, Health & Fitness Magazine

Modern Gentlemen
  • Home
  • Reviews
  • Blog
  • News
  • About
  • Our Team
  • Contact
  • News

Gas Prices Keep Rising Up As the Situation in Ukraine Deteriorate

  • Jovana Kentic
  • May 3, 2022

Ever since the Russian Federation launched an invasion of Ukraine, the global energy market has become unstable, resulting in a 25% increase in gas prices on pumps around the US. Currently, gas is $4.37 a gallon, which is a recent record high.

Despite the Government releasing oil from emergency reserves in April, the gas price went up by 17 cents during the last week. In April, the temporary relief proved to be a short break ahead of a gas spike and newly rising recession fears. 

Market experts expect the prices to keep rising. It’s forecasted that in the next ten days, the prices will be $4.50 a gallon in the next ten days. 

While many believe this may be happening due to China’s recent lockdowns, this isn’t the case. Gas prices are closely tied to oil prices, and the oil market has been experiencing stock ups and downs.

On Monday, US oil prices went down by 6% which is the lowest they’ve been in months. A barrel was $103.09, and it’s expected that prices as low as this will provide some form of reduced pressure on gas pumps.

0
0
0
Share
Tweet
Share
Pin it
Share
Jovana Kentic

A literary aficionado and an aspiring erudite, Jovana chose content writing as a way of sharing new ideas and interesting nuances of everyday life with the world. With an academic background in English language and literature, and command of five more languages, doing research and creating engaging content has never been boring. In her free time, she likes to travel and spend countless hours trying to learn Finnish.

Previous Article
Buying a Motorcycle
  • Blog

Buying a Motorcycle — Everything You Need to Know

  • Szabolcs Szecsei
  • May 3, 2022
View Post
Next Article
  • News

Zero Covid Policies and War in Ukraine – The Damage On Business Worldwide

  • Jovana Kentic
  • May 5, 2022
View Post
You May Also Like
crypto crisis continues
View Post

Crypto Keeps Sliding As the Crisis Continues

  • July 8, 2022
google AI sentient
View Post

Is Google’s AI Really Sentient?

  • July 5, 2022
NBA Historic Changes
View Post

NBA Is Witnessing Historic Changes

  • July 2, 2022
Relationship challenge
View Post

ADHD Doesn’t Have to Be a Relationship Challenge

  • June 30, 2022
crypto crisis Regulations
View Post

Crypto Crisis – A Call for Regulations?

  • June 17, 2022
crypto-bill-changes
View Post

What Changes Could the Crypto Bill Bring?

  • June 17, 2022
worldwide conference
View Post

The Apple Worldwide Developers Conference – Unexpected Announcement

  • June 10, 2022
View Post

No Sex Compromises Your Overall Health

  • June 3, 2022
Sleep Tracker Could Detect Insomnia
View Post

Sleep Tracker That Could Detect Insomnia

  • May 20, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts
  • How to Build Healthy Habits

    How to Build Healthy Habits?

    • 27.09.22
    View Post
  • What Is Carb Loading and Does It Work

    What Is Carb Loading and Does It Work?

    • 27.09.22
    View Post
  • How To Meal Prep

    How To Meal Prep — The Ultimate Guide

    • 25.09.22
    View Post
  • What Is Synthol

    What Is Synthol? — Pros and Cons Of Using It

    • 25.09.22
    View Post
  • How Many Texts Are Sent Per Day

    How Many Texts Are Sent Per Day?

    • 14.09.22
    View Post
Social Links
Modern Gentlemen
  • About
  • Our Team
  • Contact
  • Affiliate Disclosure
  • Privacy
  • Terms
©2022 ModernGentlemen.net – All Rights Reserved.

Input your search keywords and press Enter.