A motoring journalists expects prices to get much higher.
Stock markets around the world have tumbled as Russia announced military action in eastern Ukraine.
The FTSE 100 plunged more than 2.5% on opening.
Moscow's main indices are down as much as 45% - while the rouble's fallen to an all-time low against the dollar and the euro.
The oil price has surged - with Brent crude costing more than $100 a barrel for the first time since 2014.
Portlaoise Motoring Journalist, Bob Flavin, expects prices to get much higher:
Concerns Raised Over National Lottery’s Handling Of Gambling Risks
Over €73k Awarded To Midlands Schools For Sustainability Projects
Appeal Lodged Over Slieve Blooms Quarry Expansion
Westmeath Community Group Spreads Christmas Cheer To Families In Need
Offaly Bike Shop Owner Calls For Tougher Penalties For Phone Use While Driving
Department Of Education Faces Almost 2,000 Teacher Vacancies
Midlands MEP Slams EU Commission President Over Mercosur Trade Deal Push
Revenue Seize Over €455k In Contraband In The Midlands
Westmeath Global Tech Company Set To Move Next Year
Offaly TD Makes Call For Retail Crime Reporting Systems
Westmeath Private Medical Campus Credits Public Health Cases For Success
Over 300 Irish Soldiers Spending Christmas In Lebanon
Midlands Children’s Services Project Celebrates HSE Excellence Award Wins
Midlands Towns And Villages To Receive €2.4m In Regeneration Funding
Midlands Private School Principal Urges Inclusion In Free Books Scheme
F1 Prospect Alex Dunne Brushes Off Media Speculation
Westmeath Sports Clubs Do 12 Laps of Christmas
Emergency Services At Scene Of Offaly Crash
National Mercosur Protest Set For Midlands Next Month
It Can't Go on - Laois TD Hits Out At Assessment Of Needs Waiting Lists