Pictures sent in to FOX 32 show long lines at gas stations across Chicago and Chicago suburbs.
, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine.
"We're banning all imports of Russian oil and gas and energy. That means Russian oil will no longer be accepted at U.S. ports," the president announced Tuesday. The U.S. will be acting alone, but in close consultation with European allies, who are more dependent on Russian energy supplies. Natural gas from Russia accounts for one-third of Europe’s consumption of the fossil fuel. Biden had explained his reluctance to impose energy sanctions at the outset of the conflict two weeks ago saying that he was trying "to limit the pain the American people are feeling at the gas pump."of regular is at an all-time high of $4.173, as of March 8.
On Tuesday, President Joe Biden announced the United States would ban imports of Russian oil. How will this impact gas prices? Scott Martin, CIO of Kingsview Wealth Management, discusses the differences you may see at the pump.
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