1/2 of the gas price increase occurred BEFORE Putin invaded Ukra

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Avalon - 1/2 of the gas price increase occurred BEFORE Putin invaded Ukraine. Releasing 1M barrels a day from the strategic reserves drove the price of gas down $0.15/gal over a month. Canceling the lease auction drove the price up $0.45/gal in under a week.

Print Publication Date: 
5/25/2022