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Gas Prices Headed Back Up

At a glance

  • Treasury Secretary Janet Yellen said Sunday that Americans might pay more for gas this winter due to upcoming European Union (EU) sanctions on Russian oil.
  • “It is possible that it could cause a spike in oil prices,” Yellen said when asked about the potential of higher prices at the pump during the winter. “It’s a risk, and it’s a risk that we’re working on the price cap to try to address.”

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