Why do gas prices have to go up as a result of Russia's war on Ukraine?

Why do gas prices have to go up as a result of Russia's war on Ukraine?
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1 Answer

Answer :

As you say it’s a matter of scarcity. Shortage of supply, means folks will bid more to obtain whichever widget is in demand. No need to speculate on who’s going to take it in the neck. The irony to all of this is that price spikes will go some way toward covering Putin’s war expenses. Does anyone here believe the Chinese (for instance) intend to honor any boycott or sanctions?
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