Putin isn’t the biggest threat to gas prices. It’s this country instead, according to a chief strategist

When gas prices soared to a record high of over $5 per gallon in June, analysts and politicians were quick to blame Russia’s invasion of Ukraine.

The Biden Administration even called the surging fuel prices seen after the conflict “Putin’s price hike” at the time. In the months since, however, gas prices have dropped roughly 26%, even as the war continues to escalate.

Now, researchers from an alternative asset management platform called the ClockTower Group are arguing that Russia’s…

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