Russia to BAN Gasoline Exports for 6 Months, Tanking European Economy

Russia will impose a six-month ban on gasoline exports starting tomorrow, March 1, to meet rising domestic demand. It will also serve to severely increase costs for gasoline in all Western countries, presently helping Ukraine.

Demand for fuel inside Russia will grow because of summer vacation travel, spring fieldwork on farms, and planned repairs at oil refineries say oil industry executives. In order to offset the booming demand for petroleum products, measures are needed to help stabilize domestic prices.

Yet no one is blind to the fact that such an export ban will severely harm Western countries who are presently supporting Ukraine in its conflict with Russia.

Russia can increase and decrease oil, gasoline, and Diesel fuel production at will because they have so much of it.

Europe was still getting gasoline, albeit thru secondary sources. Now, they get nothing. Nothing.

Now , "the enemy" won't be getting the same reserves because here in the USA, Biden has emptied U.S. Strategic Petroleum Reserves as of this year.

So , America also won't be sending fuel to Europe as it has none to give, and cannot ramp-up production because the Biden environmentalists have crushed US ability to drill for more oil.

With Russia turning off the gasoline exports, the countries that need such fuel will have to find other sources, which are quite limited in the world. Like any other thing, supply and demand dictates price, and so prices for gasoline will rise again commencing tomorrow, March 1, as Russia punishes the West for supporting Ukraine.