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Following Vladimir Putin's decision to order Russian forces into eastern Ukraine, European gas prices jumped by 13 per cent and Brent crude oil closed at almost $100 a barrel - a seven-year high.
The RAC - which released the figures for yesterday - warned drivers to expect petrol prices to hit the 'grim milestone' of 150p per litre in the coming days as retailers pass on rising wholesale costs.
Given current infrastructure, imports from US, other gas-producing countries would not be enough to offset cutoff of Russian gas
The contingency plan is aimed to reassure European allies concerned about the impact of Russia weaponizing its energy supply
WASHINGTON - The Biden administration has been working with European countries and energy producers around the world on ways to supply fuel to Western E