Gasoline costs 50 % more in the US than it did before the Iran war
· KRGV (NBC 5)
Gasoline prices in the U.S. have surged by 50% since the onset of the Iran war, reaching an average of $4.48 per gallon after a recent increase of 31 cents. The global energy crisis, primarily due to the closure of the Strait of Hormuz, has led to significant disruptions in oil supply, pushing crude oil prices to around $112 per barrel. Experts indicate that ongoing geopolitical tensions and reduced oil availability will continue to exert upward pressure on gasoline prices. Even with potential resolutions, it may take months for prices to stabilize to pre-war levels.
AI summary · Source: KRGV (NBC 5) →
