The United States and Israel launched a surprise attack against Iran on February 28 and the country quickly responded by shutting down the Strait of Hormuz. Aside from a brief détente, the critical water way has effectively been closed for months.
You’ve undoubtedly felt the effects as the national average price for a gallon of gasoline is $4.01. That’s 87 cents more than a year ago and drivers in California are paying around $5.59 per gallon.
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