gas prices

The War in Ukraine, Russia, and the Price of Gas

Antonio Graceffo

The value of a country’s currency is highly correlated with the GDP. Before the Ukraine invasion, oil and gas accounted for about 21.7 percent of Russia’s GDP. By December, it had dropped to 18 percent of GDP. Although the ruble plummeted, immediately after the invasion, by summer, it had rallied, because it seemed that Europe had not found a way to do without Russian energy. Meanwhile, Ukraine refused to surrender, dragging out the war, handing Russia defeat after defeat, and the sanctions became ever tighter, driving down the value of the ruble.

The Ultimate “Green” Sacrifice: Why I Gave Up My Car

Andrew Lam

For the first time in over two decades, I am no longer a driver. Facing spiking gas prices and much-needed repairs, I finally donated my Toyota Corolla to an organization that takes care of orphans. It's an odd feeling to be on this side of being green. Without a car, my sense of time and space has been immediately altered. What was once a matter of expediency is now an effortful navigation.

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