Author Topic: Janet Yellen admits ‘risk’ US gas prices could surge again this winter  (Read 358 times)

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Janet Yellen admits ‘risk’ US gas prices could surge again this winter
By Thomas Barrabi   
September 12, 2022 9:28am


Treasury Secretary Janet Yellen admitted there is a “risk” that US gas prices will surge again this winter after months of steady declines.

Yellen cited potentially fraught conditions in Europe as members of the European Union wean off Russian oil shipments and mull the imposition of a price cap in response to the brutal invasion of Ukraine.

“It’s a risk and it’s a risk that we’re working on the price cap to try to address,” Yellen said during an appearance on CNN’s “State of the Union” on Sunday. “This winter, the European Union will cease, for the most part, buying Russian oil and in addition, they will ban the provision of services that enable Russia to ship oil by tanker. It is possible that could cause a spike in oil prices.”

“Our price cap proposal is designed to both lower Russian revenues that they use to support their economy and fight this illegal war while also maintaining Russian oil supplies to hold down global oil prices,” Yellen added.

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https://nypost.com/2022/09/12/janet-yellen-admits-risk-us-gas-prices-could-surge-again-this-winter/
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Online mystery-ak

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Re: Janet Yellen admits ‘risk’ US gas prices could surge again this winter
« Reply #1 on: September 12, 2022, 04:45:30 pm »
Sure it will, right after the election...
Proud Supporter of Tunnel to Towers
Support the USO
Democrat Party...the Party of Infanticide

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”
-Matthew 6:34