The last time I went to fill up my tank, I was in for a shock: premium gasoline (the type required for my SUV) was around $5.50 a gallon. That was last week. I hate to think what it is now. But from a cynical perspective, Gores Guggenheim (NASDAQ:GGPI) – which will take Polestar public – may draw more interest, boosting GGPI stock.

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Naturally, plenty of folks are eyeballing electric vehicles. Eventually, if circumstances in eastern Europe don't improve – and indications are that they will worsen due to the vitriolic nature of the crisis – then GGPI stock will likely enjoy a cynical tailwind.

For one thing, Polestar will serve as many price points as is financially feasible. Unlike say Lucid Group (NASDAQ:LCID), which specializes exclusively (for now, at least) for affluent customers, Polestar is aiming for the middle income or upper-middle income bracket with its Polestar 2 EV. Further, since it's a new vehicle, it should qualify for a federal tax credit.

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Logically, this should give Polestar a significant advantage in the volume game over Lucid and Tesla (NASDAQ:TSLA). As well, consumers might lose the brand snobbery they have toward Tesla. With gasoline prices possibly set to rise to $6 or $7 – I mean, who knows where they can go? – Polestar on paper looks mighty attractive. By deduction, GGPI stock could enjoy significant investor sentiment.

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Moreover, a Bloomberg report revealed that Ukrainian President Zelensky has called for a boycott of Russian oil exports. With violence escalating in his country, it's not an unreasonable prospect for western nations to abide by such a request. The U.S. announced its own boycott on March 8, raising pressure on Europe to follow suit.

That's going to lead to higher gas prices, though, which only emboldens the bullish case for GGPI stock. So, this is a no-brainer, right?

GGPI Stock Gets the Wedge

Initially, GGPI stock does seem like a no-brainer. If anything, it would appear to be a hedge against rising oil prices. Even if western nations led by the U.S. don't block oil exports, Moscow could retaliate by refusing to ship out fossil fuels to countries which supported the recent sanctions against Russia.

Again, we're talking greater pain at the pump, which makes GGPI stock and many other EV plays attractive. But if that sounds like a thesis too easy to believe, it might be.

You know how pundits across the political aisle have asserted that Ukraine is not significant to U.S. interests and therefore, it's not worth risking a military conflict with Russia? Well, according to the New York Times, that might not be true. Per journalist Hiroko Tabuchi: