Tag Archives: Straights of Hormuz

The national average for a gallon of regular gasoline went up 8 cents since last week to $4.16, according to the latest data published by AAA. The last time the national average reached that price was in early August of 2022.*

“Crude oil prices remain high, even as they’ve fluctuated in recent days following the announcement of a 2-week ceasefire between the U.S. and Iran. The price for a barrel of crude dropped below $100 but then rose again, highlighting the volatility of oil markets and fluidity of geopolitical events,” AAA said in a release. Continue reading →