The Dollar’s Fortune and Foreign Stocks

Chart of the Week: Gas Prices Shake Off Ukraine Shock

When Russia invaded Ukraine, oil prices rose as high as $120 per barrel. Gasoline prices followed suit. And when the cost to fuel up rises as fast as it did earlier this year, it’s impossible not to notice. Heck, prices were posted in giant fonts all over town.

But while the media eagerly announces the climbing cost of living in headlines, how about when prices are falling? It may surprise you to see that U.S. gasoline prices, on average, have returned to levels we saw before Russia invaded Ukraine.

Gas prices falling below prewar levels
Note: Chart shows weekly U.S. regular conventional retail gasoline prices (dollars per gallon) from 12/31/21 through 12/12/22. Source: Energy Information Administration.

Inflation has been a pain point all year long—for consumers and investors. At least when it comes to filling up the tank, higher prices are a thing of the past.


This material is distributed for informational purposes only. The ideas and opinions contained herein  should not be viewed as recommendations or personal investment advice. Data and statistics contained in this report are obtained from what we believe to be reliable sources; however, their accuracy, completeness or reliability cannot be guaranteed.

Our statements and opinions are subject to change without notice. You may request a free copy of the firm’s Form ADV Part 2, which describes, among other items, risk factors, strategies, affiliations, services offered and fees charged.

Past performance is not an indication of future returns. Tax, legal and insurance information contained herein is general in nature, is provided for informational purposes only, and should not be construed as legal or tax advice, or as advice on whether to buy or surrender any insurance products. Personalized tax advice and tax return preparation is available through a separate, written engagement agreement with Adviser Investments Tax Solutions. We do not provide legal advice, nor sell insurance products. Always consult a licensed attorney, tax professional, or licensed insurance professional regarding your specific legal or tax situation, or insurance needs.

For a summary of Adviser Investments’ advisory services and fiduciary responsibilities to our clients, please review our Form CRS here.

© 2022 Adviser Investments, LLC. All Rights Reserved.

Adviser Investments' logo is a registered trademark of Adviser Investments, LLC.