As tensions between Russia and the Ukraine rise, Alaska experts say so could gas prices.
For Alaskan drivers who are already paying some of the highest prices in a decade to fill their tanks, this is not welcomed news.
Local economists state that this is a two-sided coin. The consumer may be feeling the pinch but, it’s better for the state treasury. For the consumer, when gas prices go up, so does the cost of transportation and with it, the price of food, energy, and other supplies. Industry experts suggest that crude oil, which has been over $90 a barrel for the last few weeks, could jump to $120 a barrel or more due to tight supplies if an invasion were to occur.
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