Russian oil embargo will maintain high gasoline prices

May extend into 2023
“The typical citizen will have to get used to the high gas prices we have seen this year continue in the coming months or through the rest of the year,” This is what commodity analyst Jens Nærvig Pedersen at Danske Bank says, according to Avisen Danmark.

The EU agreed to phase out oil transported by from before the end of the year, while oil delivered via pipeline will be stopped whenever possible – a more fluid timeline.

The EU decision is designed to hit Russia economically in light of the country’s invasion of .

Source: The Nordic Page


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