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“Very likely we’ll see $4.00 at the pump as early as this spring,” says expert

Melissa Barclay by Melissa Barclay
February 23, 2022
in News, Wisconsin's Afternoon News
“Very likely we’ll see $4.00 at the pump as early as this spring,” says expert

Close-up of octane rating of 87 octane for Regular gasoline on a fuel pump in a gas station setting, San Ramon, California, August 28, 2020. (Photo by Smith Collection/Gado/Getty Images)

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The conflict along the Russia-Ukraine border is causing more pain at the gas pump in the U.S. in recent days.

Professor of political science at U-W Madison Yoshiko Herrera says we could see a $4.00 a gallon in Wisconsin as early as this spring.

“We are already at $96-97 a barrel (of oil) so getting up to $100 dollars a barrel seems like that’s a distinct possibility,” said Herrera.

She says the conflict along the Russia-Ukraine border is affecting those prices by causing fear of higher oil prices even without an actual cut off of supply.

Click on the audio player above to hear more.

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