"The average price for a gallon of regular gasoline is now $4.02, according to AAA. America hasn't seen a total that high since 2022, after Russia invaded Ukraine."
"The outbreak of war with Iran effectively choked off access through the Strait of Hormuz, a critical artery through which roughly 20% of the world's oil supply passes."
"Drivers on the West Coast are facing the steepest prices, with regular gas averaging $5.887 per gallon in California. By contrast, Oklahoma currently records the lowest average at $3.272."
"On Monday, the president said via Truth Social that talks were progressing with a NEW AND MORE REASONABLE regime and threatened to destroy all of Iran's power plants, oil wells, and desalinization plants if a deal to open the strait immediately was not reached."
The national average price of gasoline in the U.S. rose to $4.02 per gallon, driven by the closure of the Strait of Hormuz amid U.S.-Iran tensions. This marks the highest price since 2022, following the Russia-Ukraine conflict. The Strait of Hormuz is vital for global oil supply, with disruptions causing crude prices to exceed $100 a barrel. Prices vary significantly across states, with California averaging $5.887 and Oklahoma at $3.272. President Trump continues negotiations with Iran while threatening severe actions if the strait is not reopened.
Read at www.mediaite.com
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