What Surging Gasoline Prices Mean for You - WSJ

President Biden acknowledged that banning Russian crude oil will result in higher gasoline prices in the U.S. He said the administration’s previously announced move to release 30 million barrels of oil from the government’s reserves will help blunt the price increases at the pump. 

It’s brilliant politics to blame Russia for high gas prices.

Oil is a commodity that trades on supply, demand, and sentiment. Biden’s terrible energy policy drove the lions share of this run-up in prices.