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  This is my industry. It won't decrease the cost of gas and here is why: 
  Russia can't sell its refined products so now it must sell its oil before refining it. The amount of oil isn't changing immediately but the stage of the production life cycle it's being sold on changes. 
  When oil produced stays the same gas does too, as it's a byproduct of the search for oil, which in general is far more valuable.
  As time passes and their industry makes less money they won't be able to spend as much money towards continued drilling, therefore after a year oil production will be less than it could have been. And gas supply decrease in Europe as a result (not US as gas markets are localized as compared to oil which is fungible)
  GASOLINE on the other hand will rise in cost to a point higher than it would have been because we are currently at refining capacity (in the US not sure where you are from), which is what caused the recent spike in prices at the pump.
  This COULD create a slight backlog in oil, and the refineries may get it at a lower price while selling their product for higher which is in short supply. Are they jacking the price up unfairly? Well not really: It's a commodity sold on the market which is set at the going rate based off supply and demand, whatever that is, like lumber or corn, or any futures. Any refinery that's able to produce more gets rewarded with more money, can then expand and take more market share. In the US, most of these refineries are paying off debt though, as the past 7 years before the spike in oil had been very rough, especially on US land which has a large number of refineries. If I'm not mistaken though, a few of these refineries were able to add capacity over the last year.
context: Oh please do, it can only serve to bring down the price of gas !