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fuelupdate
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🚨 Gas prices are on FIRE in the US!
The national average for regular gasoline jumped 25% in March alone, hitting $3.79—the biggest one-month spike ever, according to AAA. ⛽🔥
Diesel isn’t spared either—retail prices have smashed through $5 per gallon for only the second time in history. 🛢️💸
The surge comes after Iran escalated its oil war, targeting production facilities in the UAE and Iraq for the first time. Since late February, oil prices have jumped 40%, with WTI crude racing towards $100 per barrel. 📈💥
In response, all 32 IEA member countries agreed to release 400 million barrels from emergency reserves to cool the market. But JPMorgan warns that without safe passage through the Strait of Hormuz, these measures might barely make a dent. ⚠️
For drivers in the US, this means gas is inching closer to the politically sensitive $4 mark, with no clear relief in sight. 🚗💨
#GasPrices #OilShock #WTICrude #EnergyCrisis #FuelUpdate
$DEGO
$BAND
$ASTER
The national average for regular gasoline jumped 25% in March alone, hitting $3.79—the biggest one-month spike ever, according to AAA. ⛽🔥
Diesel isn’t spared either—retail prices have smashed through $5 per gallon for only the second time in history. 🛢️💸
The surge comes after Iran escalated its oil war, targeting production facilities in the UAE and Iraq for the first time. Since late February, oil prices have jumped 40%, with WTI crude racing towards $100 per barrel. 📈💥
In response, all 32 IEA member countries agreed to release 400 million barrels from emergency reserves to cool the market. But JPMorgan warns that without safe passage through the Strait of Hormuz, these measures might barely make a dent. ⚠️
For drivers in the US, this means gas is inching closer to the politically sensitive $4 mark, with no clear relief in sight. 🚗💨
#GasPrices #OilShock #WTICrude #EnergyCrisis #FuelUpdate
$DEGO
$BAND
$ASTER
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