Gas Prices Skyrocket Past $4, Fueling Inflation
Seattle News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Gas prices soar past four dollars nationwide, with Washington state hitting five dollars and thirty-five cents, due to the recent war with Iran. This surge in crude oil prices, from around seventy to over one hundred dollars a barrel, is causing inflation and impacting various sectors, including food, shipping, and utility bills. The Strait of Hormuz, a vital oil route, is mostly shut down, and strikes on facilities are causing supply disruptions. Analysts warn of potential steeper climbs ahead, affecting consumers wallets significantly.
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