Gas prices in the United States could rise in the next few days if President Joe Biden decides to put new sanctions on Russia’s energy sector. If he uses his power to impose these sanctions in the last few weeks of his presidency, we could see a sudden increase in oil prices and fuel costs.
When January comes, there’s a chance that gasoline prices will face new issues because Biden is thinking about new sanctions on Russian energy before he leaves office. Some believe this might give President-elect Donald Trump more leverage for talks with Russian President Vladimir Putin when he takes office on January 20.
It’s not clear if Biden is making this decision at Trump’s request or on his own. There are hopes that Biden is setting things up for his successor so that Trump can start off strong. However, new sanctions on Russia could also mean that gas prices around the world might spike.
FAQs:
– Will gas prices go up soon? Yes, if the U.S. imposes new sanctions on Russia’s energy sector.
– Where in the U.S. are gas prices the lowest? Currently, states like Missouri, Arkansas, Texas, and Mississippi have some of the lowest gas prices.
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