US to Ban Russian Oil Imports

 

The day after national gas prices hit an all-time high of $4.06, it's been leaked that the Biden administration is apparently set to announce a ban on Russian oil imports. Meanwhile, Wall Street is beginning to cut S&P 500 forecasts as oil prices spike and the Fed is still looking to raise rates.

With inflation and stagnated wages already hitting the working class hard, it will be interesting to see how the general public responds.

While most Americans are incorrect in the way they believe Presidents influence gas prices, there are still many things the current administration can do. The solution being floated currently is that we are reportedly looking to Venezuela, Iran, and an easing of things with Saudi Arabia to help counter the suggested partial reason of rising prices at the pump.

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