Inflation in Russia is "highly likely" to remain above target through the rest of 2024, the UK Defence Ministry said.
Gas prices have fluctuated dramatically over the last few years due to factors such as the COVID-19 pandemic and Russia's invasion of Ukraine.
Gas markdowns of at least 10% are being seen in Central and Eastern Europe, the Center for European Policy Analysis said.
"When there is an energy shock, it can take a huge price change to clear the market," the Harvard economist Ken Rogoff said.
The respected agency says it expects gas prices to stay in the $3 range but if "prices surge back close to $4 per gallon, Trump will win.'
Icy winds and freezing temperatures disrupted Russian oil flows from a key Pacific port, bringing average weekly crude shipments to an 8-week low.
The vibecession is over: Americans are suddenly much more confident that the economy is doing better and less scared of a recession.
Prices at the pump saw their biggest jump in four months and now average $3.097 a gallon, as oil prices have climbed.
A boomer who left taxi driving after two decades is working 10 hours a day and is struggling to pay bills driving for Uber and Lyft.
Benchmark crude prices have tumbled sharply since the start of October, despite the Israel-Hamas war breaking out in the Middle East.
American drivers are saving money at the pump just as the holiday shopping season kicks off.
As the holiday season approaches, drivers are experiencing a welcome respite at gas stations, but those savings will likely go away soon.
David Einhorn fears a war-fueled surge in crude prices will squeeze American consumers, causing stocks to tumble and the economy to shrink.
Sandra, a Gen Xer, made the move with her husband from Southern California to North Carolina as she gets ready for retirement.
Prices at the pump might fall as low as $3.25 by the end of 2023 amid seasonal shifts and overproduction, experts told Insider.
Gas prices were at $3.575 a gallon on Wednesday, according to AAA, down from $3.584 a day ago and $3.881 a week ago.
The Israel-Hamas conflict is just the latest driver of crude prices, which have seen big swings in recent weeks.
Wholesale gas prices will come down in the coming months as demand keeps sliding, Paul Sankey told CNBC.
Typically, gas prices fall after summer, but supply cuts are pushing them higher. There are signs they'll come down soon.
Last year, the Biden administration drained 180 million barrels from the Strategic Petroleum Reserve as oil prices soared.