War on Iran pushes US Labor Day gas prices to record $4.14 a gallon

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War on Iran pushes US Labor Day gas prices to record $4.14 a gallon

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Socialism_Is_The_Alternative [none/use name]@hexbear.net to

news@hexbear.netEnglish · 13 days ago

Motorists seeking to travel for the holiday weekend are seeing record-high gas prices with 'no end in sight' as Iran maintains control of the Strait of Hormuz

Snip:

US gas prices have reached record highs for the Labor Day weekend with no relief in sight amid the ongoing US war on Iran and the closure of the Strait of Hormuz, AP reported on 7 September.

The average price of regular gas was $4.14 a gallon heading into the holiday weekend, when many families travel to see friends and relatives or enjoy the country’s natural areas.

“Gas prices are nearly a dollar higher than last year and well above the Labor Day weekend record of $3.82 from 2012,” AP wrote.

[…]

“Everything points to the Iran War and the Strait of Hormuz,” said Tom Seng, a professor of energy finance at Texas Christian University.

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