How Drone Attacks on Refineries Are Driving Up Oil Prices

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports that Ukrainian drone strikes on Russian oil refineries have caused oil prices to spike. A recent attack on a refinery processing 300,000 barrels per day led to a 2% price jump. History shows that even the threat of supply disruptions can drive prices up. If oil surpasses $100 per barrel, U.S. gas prices could rise above $5 per gallon, posing economic risks.