Skip to main content

US gas prices hit $4.23 high as Hormuz fears drive oil surge

Blockade threat in vital strait and Trump’s stance lift crude, pushing pump prices to highest level since 2022

Average US gas prices have hit a new high at $4.23 a gallon, their highest since 2022 and a record since the start of the war with Iran, according to the motor club AAA.

The price of Brent crude, the benchmark that influences the price of gasoline in the US, now stands at $114.60 a barrel, up nearly 25% from the recent low since mid-April. US gas prices a year ago averaged $3.16 a gallon.

Continue reading...

from The Guardian https://ift.tt/ENKcd0t
Labels:

Comments

Post a Comment

Popular posts from this blog

Sky apologise for Scott Williams’ remark after darts win over German opponent

English player references ‘two world wars and one World Cup’ Williams beat Germany’s Martin Schindler 4-3 in third round Scott Williams has sparked controversy at the PDC world darts championship by referring to “two world wars and one World Cup” after his third-round victory over Germany’s Martin Schindler. Williams won a thrilling encounter by four sets to three as the tournament resumed at London’s Alexandra Palace after its Christmas break. The qualifier fought back from 2-0 and 3-2 down to win the deciding set amid a raucous atmosphere – but it was his post-match interview that caught wider attention. Continue reading... from The Guardian https://ift.tt/e2cVvgH
Post a Comment
Read more