Here’s who stands to win from high gas prices
Not everyone is suffering from high gas prices that have spiked further with Russia’s invasion of Ukraine and the international sanctions imposed on Moscow.
Some players, including the U.S. oil producers, stand to gain financially. And countries such as Saudi Arabia stand to gain both monetarily and politically.
On Friday, U.S. oil prices stood at around $106 per barrel, while international benchmark brent crude cost $110 per barrel. Gas in the United States cost $4.33 per gallon on average.
Here’s a look at who is benefitting — or could benefit — from the spike.