How the Ukraine crisis impacts the Quad Cities

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News 8 Stock Analyst Phil Kassewitz says the military crisis in Ukraine is starting to have a direct impact on the economy of eastern Iowa and western Illinois.

Crude oil futures have already spiked a dollar per gallon, and that could impact the price for gas in the coming days.

To begin the first full week of March 2014, overseas stock markets fell Sunday night and into Monday morning in reaction to the Russian military presence in Ukraine's Crimean Peninsula.  Such destabilizing actions bring uncertainty to stock markets which can impact investments like retirement accounts.