Gas prices could spike again this winter, Yellen warns ...Middle East

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Gas prices could spike again this winter, Yellen warns
source : The Hill ( Middle East ) () 31
Treasury Secretary Janet Yellen on Sunday warned that gas prices may spike again this winter. Yellen told CNN's Dana Bash on "State of the Union" that gas prices could rise due to the European Union largely halting Russian oil purchases this winter and banning provision of services that allow Russia to ship oil by tanker. "It is possible that that could cause a spike in oil prices," Yellen said. But Yellen noted a western price cap proposal was designed to balance curbing Russian oil revenues helping fund its war in Ukraine, while maintaining some access to Russian oil to "hold down global oil prices." "So I believe this is something that can be essential," she said. "And it's

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