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How Persistently High Oil and Gas Prices Could Affect Luxury Real Estate
As any individual with a car will probable have seen, oil and gas selling prices have been at history highs recently. Costs, which experienced by now been steadily soaring given that the top of the pandemic, shot up soon right after Russia invaded Ukraine in February. It adopted a dip during the pandemic, when world-wide exercise floor to a halt. As vaccines have been rolled out, lockdowns lifted and economies recovered, power costs had started to creep upwards much too. Then the war commenced and the U.S. and other countries introduced bans on, or reductions of, Russian oil and gas imports. Brent crude strike $127.98 on March 8, up from…