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A comment on Americans should get ready for $5 a gallon gas, analyst warns. Parent comment

Re:Americans should get ready for $5 a gallon gas, analyst w... by mkr-hn on Sunday March 06, 2022 @12:22AM (#30575248)
We don't import that much from Russia. It's little enough that finding other sources shouldn't take long. Oil and gas are highly fungible.
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Re:Americans should get ready for $5 a gallon gas, analyst w... by GiorgioG on Sunday March 06, 2022 @12:23AM (#30575253)
The rest of the world does and thus the price of oil will go up for everyone.
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Re:Americans should get ready for $5 a gallon gas, analyst w... by dragonwriter on Sunday March 06, 2022 @03:21AM (#30575946)
Did, prior to sanctions. Now even though oil and gas aren't sanctioned, Russian oil is going without buyers.

https://www.npr.org/2022/03/04/1084448619/russia-lowers-its-...

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Re:Americans should get ready for $5 a gallon gas, analyst w... by xedrac on Sunday March 06, 2022 @12:39AM (#30575315)
Unfortunately the price of crude oil is dictated by the global supply and demand.
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Re:Americans should get ready for $5 a gallon gas, analyst w... by unmole on Sunday March 06, 2022 @12:31AM (#30575281)
> Oil and gas are highly fungible.

Crude oil isn't completely fungible. Refineries are built to handle specific grades.

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