Good day to top off the tank. Welcome to the Know the Difference Minute Gas prices have been climbing for months, and the invasion of Ukraine isn’t going to help. Don’t expect the national average of $3.54 a gallon to stick around long, most experts are projecting $4 gas at some point. California and Hawaii already have super high prices—and they’ll probably climb over $5 a gallon. What happens there is felt here, especially as Russia is the world’s 2nd largest oil producer. After sanctions, the supply disruption will tweak the price of crude oil. Earlier today, Brent crude crept above $100 a barrel for the first time since 2014. Rule of thumb has for every $10 increase in the price of a barrel of Brent crude oil, we see a 25% increase in the cost of a gallon of gas. I’m Deanne Phillips from Annex Wealth Management. That is your Know the Difference Minute.