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Gas prices could soar to $7 a gallon as tension between Russia and Ukraine builds

Car fueling up at gas station
Car fueling up at gas station
Getty Images/Fahroni

Gas prices are already insanely high, and if you think they couldn't get any higher, we are sad to report that you are wrong.

An expert has warned that due to the growing tension between Russian and Ukraine, it's very possible we all could see the price of gasoline reach $7 a gallon.


"My guess is that you are going to see $5 a gallon at any triple-digit [oil prices] … as soon as you get to $100. And you might get to $6.50 or $7," if oil prices were to eclipse $150 a barrel, warned Dan Dicker founder of Energy Word.

Dicker also warned Yahoo! that if Russia were to invade Ukraine, the West could retaliate by sanctioning Moscow, which could further put a strain on oil supplies.

Awesome.

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