Oil prices are surging toward $100 a barrel. Here's what that means for you

Gasoline prices are displayed at a Chevron gas station downtown Los Angeles on Feb. 18. Crude prices are surging toward $100 a barrel, raising the prospect of even higher gasoline prices.

The threat of war between Russia and the Ukraine is driving prices sharply higher, but there's more at play than just geopolitical tensions.

(Image credit: Damian Dovarganes/AP)

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