US gasoline prices jump 61% to $4.43 per gallon amid Strait of Hormuz tension
U.S. pump prices rose to $4.43 per gallon, a 61% increase since December, as oil briefly touched $126 a barrel following uncertainty in the Strait of Hormuz. Benzinga cites the Kobeissi Letter estimating Americans will spend about $90 billion more on fuel this year. The surge is attributed to heightened geopolitical risk.
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