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Mar 9, 2022

An oil shock? In this economy?

Surging oil prices and high prices at the pump used to precede a recession. But after two years of the pandemic, this time might be different.

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WASHINGTON, DC - MARCH 08:  U.S. President Joe Biden speaks in the Roosevelt Room of the White House March 8, 2022 in Washington, DC. During his remarks, Biden announced a full ban on imports of Russian oil and energy products as an additional step in holding Russia accountable for its invasion of Ukraine.
WASHINGTON, DC - MARCH 08: U.S. President Joe Biden speaks in the Roosevelt Room of the White House March 8, 2022 in Washington, DC. During his remarks, Biden announced a full ban on imports of Russian oil and energy products as an additional step in holding Russia accountable for its invasion of Ukraine.
Win McNamee/Getty Images

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