Brent crude oil touched nearly $140 per barrel as the market reacted to the possibility of a ban. That’s up sharply from prices that hovered around $70 just as recently as August.
Meanwhile, the price of wheat jumped 7% to $12.94 a bushel. Prices have jumped to record highs as the war interrupts shipments and prompts fears of a wheat shortage in Europe.US gas prices have risen in tandem The latest oil surge occurred at House Speaker Nancy Pelosi were mulling a bill that would enact further economic penalties on the Kremlin in response to escalating violence in Ukraine. The legislation would ban imports of Russian oil and energy products into the US, among other measures, according to Pelosi.
You'll have to make up the difference with groceries and entertainment