Let me be the first to (sarcastically) thank the oligarchs—whether they be the Russian ruling class or one-percent of people holding the most wealth—for rushing to grub as much money as possible from we whom they regard as chattel. The invasion of Ukraine, and the West’s (ah-hum) finger-wagging recriminating sanctions, couldn’t possibly have disrupted the flow of oil yet. But why wait, when profits are to be had and war is a convenient excuse for puffing them.
Yesterday, regular, unleaded gasoline sold for $4.46 a gallon at all three of my San Diego neighborhood’s three economy filling stations. That’s cash price; credit costs more. As you can see from the Featured Image, price is now $4.70. That shocker greeted my wife and I this morning when we stopped to top off the tank.