That's how sanctions work

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Something has to give.
Welcome to the Know the Difference Minute.
As the Russian oil ban moves forward, how can the pain at the pump not get worse? With a $4.17 national average, it is dominating the news. For what it’s worth, Russia is threatening $300 oil if they’re cut off.
According to late-February data—we still want to drive. Compared to a year ago when gas was $2.70, consumption was up 7%. Most believe after being cooped up during the pandemic, there is enormous pent-up travel demand. Will there be a point where we’re forced to drive less? Or will consumers give up other things? That’s the concern.
Meanwhile, Russia’s 2nd largest oil company has broken ranks with Putin and is calling for an end to the invasion. Shares listed in London have lost roughly 99% of their value. That’s how sanctions work.
I’m Dave Spano from Annex Wealth Management. That is your Know the Difference Minute.