As we close 2022, I review the volatility in the energy markets during the year. : WASHINGTON, DC - MARCH 14: Prices for gas at an Exxon gas station on Capitol Hill are seen March 14, ... [+] 2022 in Washington, DC. The cost of gasoline continues to rise across the globe and in the United States due to the Russian invasion of Ukraine and continued inflation associated with the global pandemic. (Photo by Win McNamee/Getty Images) The year 2022 was one of the most volatile we have ever seen in the energy markets.