Former Treasury Secretary Says Even $5 Gas 'Worth Paying' to Stop Putin
"If you think about the sacrifices being made by the people of Ukraine...that is a price that is very much worth paying," Lawrence Summers said.
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"If you think about the sacrifices being made by the people of Ukraine...that is a price that is very much worth paying," Lawrence Summers said.
When the pandemic started, more than a year ago, the demand for oil also decreased, causing West Texas to produce less.
Oil and Gas Expert says gas prices may reach $3-4 per gallon by end of the year When the pandemic started, more than a year ago, the demand for oil also decreased, causing West Texas to produce less. Credit: Getty Images/iStockphoto Author: Sunny Tsai (KAGS) Updated: 10:28 PM CST February 18, 2021 COLLEGE STATION, Texas — Just like many other services and jobs undergoing this winter storm, oil production has paused or decreased significantly. “Now they’re saying, oil could go to $190 a barrel by 2025. What does that mean as a gasoline user? Not good,” s...