Fox 31: How Ukraine crisis could impact Denver Restaurant Week

Posted: Feb 17, 2022 / 09:59 PM MST

DENVER (KDVR) — As the Ukraine conflict intensifies, business owners are bracing for a stronger impact here in Colorado.  Any conflict will most certainly cause a continued increase in gas prices, which affects the price of delivered goods and transportation services across the metro area.

Metropolitan State University economics expert Dr. Kishore Kulkarni tells FOX31 just the anticipation of trouble in the region is already causing an effect.

“Russia is one of the largest crude oil-producing countries. The supply of gasoline will be halted, disrupted and disturbed and because of the supply chain collapsing like that, there will be a worldwide effect in increasing prices,” Kulkarni said.