BREAKING: Russia Halts All Exports of Gasoline and Diesel. Potentially huge preparations for WW3?
(citizenwatchreport.com)
FIFTH GEN WW3
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"tight global fuel markets" I think is the key - between this and OPEC cutting productions, get ready for $5 gasoline again, possibly higher. Inflation is headed back up for election year.
Even more inflation if the war spreads to Europe etc. It is a good strategic move to start keeping more of the refined fuel at home to prepare for disruptions. That's why we have the strategic oil reserve - or at least we used to before Biden sold most of it off.