U.S. gasoline consumers should expect a bumpy ride in coming months as a variety of external factors continue to disrupt oil markets.
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Times Square neighborhood of New York, U.S., on Saturday, March 12, 2022. President Vladimir Putin cited unspecified positive movement in talks with Ukraine, hours after saying hed bring in fighters from the Middle East to supplement Russian forces. Photographer: Stephanie Keith/BloombergThere is little doubt that Russia’s invasion of Ukraine and the sanctions that followed resulted in a short-term oil price premium of something in the range of $20-$25 per barrel.
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