What the U.S. ban on Russian oil means for gas prices in Chicago

By Stephanie Kim
What the U.S. ban on Russian oil means for gas prices in Chicago
A man fills up a gas tank at a Mobil gas station in Chicago, Wednesday, March 18, 2020. President Joe Biden announced a ban on U.S. imports of Russian oil and told Americans to be prepared for additional costs at the pump. Nam Y. Huh / AP Photo
What the U.S. ban on Russian oil means for gas prices in Chicago
A man fills up a gas tank at a Mobil gas station in Chicago, Wednesday, March 18, 2020. President Joe Biden announced a ban on U.S. imports of Russian oil and told Americans to be prepared for additional costs at the pump. Nam Y. Huh / AP Photo

What the U.S. ban on Russian oil means for gas prices in Chicago

By Stephanie Kim
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In the latest round of economic sanctions against Moscow over its invasion of Ukraine, President Joe Biden announced Tuesday a ban on U.S. imports of Russian oil. The move comes as the country is already seeing record-high gas prices.

Reset discusses what the new sanctions mean for gasoline prices in the Chicago area and beyond.

GUESTS: Ryan Kellogg, professor and deputy dean for academic studies at the UChicago Harris School of Public Policy

Molly Hart, AAA spokesperson