Oil prices have hit a new 14 year high.
It hit $139 a barrel at one stage but has now fallen back a little.
Those prices haven't been seen since the financial crash of 2008.
The US and Europe are also now considering an outright ban of the import of Russian oil.
Meanwhile the prices at the petrol pumps here continued to rise over the weekend.
However Kevin McPartlan of Fuels For Ireland says panic buying is making the problem worse.
"Fuel is very expensive to store and it's a very expensive product to sit on, we don't have thousands of tonnes of it hanging around waiting - it's always just in time.
"If people start buying more than their normal buying patterns, then we could - I'm not suggesting we have a problem but down the line we could.
"So we're saying to people keep it calm, buy what you need, buy to your normal patterns and we'll be grand."
