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If a conflict in ukraine damages oil infrastructure, if vladimir putin decides to halt exports in retaliation, gas prices in the u.s. already at an eight-year high of $3.52 per none for regular could spike. >> the last time we saw oil prices that high was 2014. and that translated into gas prices of about 3.70-something per gallon. sow could imagine, you will see something similar today. >> reporter: other prices for energy could rise as well. >> think about heating your home, keeping the lights on. a plane flight, driving to work will get more expensive. >> reporter: overall, inflation could ...

That is about 50 us cents a therm. now we are paying £2.75. that is $3.70. what an increase. it's creating a huge political crisis here in britain because the cost of living is rising so dramatically. and even in washington, joe biden is under a lot of pressure over gas prices at the price people play on the forecourts at the gas stations. what in the uk we would call petrol but historically, petrol and diesel and the other fuels, they refer to as gas. but that money problem is an international problem now, isn't it? anything of this kind that affects big supply is going to have an impact on ...

People are feeling fuel prices. people are feeling the effects across europe and across the world. we are seeing some of the highest petrol some of the highest petrol prices we have ever seen in the uk. gas prices spiking. a year ago in the uk, we were paying 40p a firm, that is about 50 us cents. now we are paying 75. that is $3.70. what an increase. it's creating a huge political crisis here in britain because the cost of living is rising so dramatically. even in washington. joe biden is under pressure over gas prices and the price people pay on the forecourt. gas stations. in uk, we would c...

At the impact this has had on fuel prices. people are feeling the effects across europe and across the world. we are seeing some of the highest petrol prices we have ever seen in the uk. gas prices spiking. an extraordinary increase in gas. a year ago in the uk we were paying 40p a firm, that is about 50 cents. now we are paying £2 75. that is $3.70. what an increase. it is creating a huge political crisis here in britain because the cost of living is rising so dramatically. jae the cost of living is rising so dramatically.— dramatically. joe biden is under pressure _ dramatically. joe bide...

The effects — across europe, across the world! you know, i mean, we're seeing some of the highest petrol prices in — that we have ever seen in the uk. gas prices are spiking — i mean, an extraordinary increase in gas — i mean, let me give you the figures because they are so striking. a year ago in the uk, we were paying 40p a therm — that is about 50 us cents a therm. now, we are paying £2.75 — that is $3.70 and therm! that is $3.70 a therm! what an increase! and it's creating a huge, you know, political crisis here in britain because the cost of living is rising so dramatically. ...