The latest impact of the Russian invasion is the price of oil, which today rose to  $139/barrel .  The world enjoyed more than five years of "low" gasoline and petroleum prices.  Read the following to make you an expert in petroleum.  Let me start with the  inflation adjusted monthly average crude oil prices in 2022 dollars : The all time high occurred in 2008, reaching  $147.27/barrel . But if you appropriately inflate the price of this value to 2022 dollars, you would get: a real price of $177 real value in consumption of $179 labor value of $202 income value of $192 economic share of $208. In other words, that $139/barrel would actually have to go up to around  $200/barrel  to get close to what the true price of petroleum was in 2008. A second note is that the graph above, for reasons I don't understand, only showed a 2008 peak of $126.33/barrel.  Using that figure and averaging all those inflation categories, the 2022 price shown was  $162.31/barrel.   Which is the co