Janet Yellen on US gas prices

Janet Yellen warns US gas prices could spike this winter

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gas prices could increase as oil soars once Europe stops buying Russian crude

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Janet Yellen is Treasury chief of US

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She warned that the EU's embargo on Russian oil transported by sea might push up the price of petroleum.

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Since reaching a peak of more than $5 in June, the average price of petrol in the US has decreased significantly.

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However, if petroleum prices increase as a result of the imposition of European sanctions, American drivers may very likely notice a difference.

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