"Gas prices have surged as military strikes in the Middle East disrupted oil production and heightened fears about tanker traffic through the Strait of Hormuz - a key artery for an estimated 20% of global oil and liquified natural gas shipments. Brent crude climbed over $100 a barrel Sunday night as traders reacted to the instability."
"American drivers are paying more at the gas station. On February 21 - before tensions escalated - the average price of a gallon of regular gas in the US was $2.93, according to AAA. By Monday, it had risen to $3.48, an 18.7% jump in 15 days."
"Across social media, electric-vehicle drivers are touting their savings as fuel costs climb during the US and Israel's military interventions in Iran. Many have posted meme-filled victory laps about the price of 'filling up.' Public EV charging rates, by contrast, have risen far less."
Gas prices in the United States jumped 18.7% over 15 days, reaching an average of $3.48 per gallon by Monday, driven by military strikes in the Middle East that disrupted oil production and threatened tanker traffic through the Strait of Hormuz. Some areas experienced even steeper increases, with Los Angeles stations charging over $8 per gallon. In contrast, electric vehicle owners faced minimal increases in public charging rates. EV drivers have celebrated their insulation from fuel price volatility across social media platforms, sharing memes and screenshots of cheap charging sessions. Notable figures, including Juicy J, have publicly advocated for transitioning to electric vehicles during this period of elevated gas prices.
Read at Business Insider
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