Some U.S. states might cut their gasoline taxes as retail prices spike, and they want the federal government to do the same … Several countries might do the same as they fear an economic hit as well as popular unrest … And there is a case to be made that the U.S. has already paid for the coming oil shock after Russia’s Ukraine invasion
Energy
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Oil plunges over 7% on easing supply concerns, China COVID cases, article with videoBusiness · 4:07 PM UTC
Oil prices tumbled more than 7% to their lowest in almost three weeks on Tuesday as supply disruption fears eased and surging COVID-19 cases in China spurred demand concerns.
Talking Points
Graphic
Russian gas threat in EuropeThe crisis in Ukraine tests Europe’s dependence on Russian gas against Russia’s dependence on European energy customers