Gas prices have fallen precipitously after setting new records earlier this year, but another rise in costs is “a risk that we’re working on,” Treasury Secretary Janet Yellen said Sunday.
have increased, a plan that could risk “a spike in oil prices,” Yellen said during a Sunday appearance on CNN’sYellen called the threat of rising oil prices “a risk that we’re working on,” adding that a proposed cap on the sale price of Russian oil would help
contain costs in the U.S., which haveThe price cap would help slash the revenue that Russia earns from oil—which Yellen said the country uses to “fight this illegal war” in Ukraine—while still allowing Russian petroleum to enter the global oil market and “hold down” prices.
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