(Brandon Bell/Getty Images)Russia's brutal invasion of Ukraine has roiled global economies and made an impact even in countries far from the frontline horrors of the war. From the day before Russia's full-scale invasion started, US gas prices shot up $1.48 a gallon, or 42%, to a record price of $5.02 by June 14. Why prices shot up, then fell: To understand why gas prices are down, it’s important to understand why they went up so much — and so fast. The economic outlook also drove oil prices: Few things take a bite out of gas prices like a recession, or even just the fear of one. Read a full breakdown of the war's impact on gas prices here.

Source: CNN February 26, 2023 02:55 UTC