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U.S. gas prices surged to $4.43 per gallon, up 61% since December, as oil briefly hit $126 a barrel on Thursday, its highest level since the Iran war began.
According to The Kobeissi Letter, Americans will spend roughly $90 billion more on gasoline in a year than they would at $3/gallon.
Iran Escalation Fears Rattle Oil Markets
President Donald Trump on Saturday said he was reviewing a new Iranian proposal while nuclear talks remained stalled, after rejecting Tehran’s earlier offer on Friday as failing to meet U.S. demands, leaving the status of the Strait of Hormuz and …
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