Gas Prices See Near Historic Jump

(Undate) — Gas prices continue to see a “near historic jump” at the pump. GasBuddy Head of Petroleum Analysis, Patrick De Haan, says, in just a week, consumers have seen gasoline prices surge at one of the fastest rates in years after oil prices spiked following U.S. strikes on Iran and the effective closure of the Strait of Hormuz. De Haan says with additional attacks across the Middle East over the weekend pushing oil above $100 per barrel for the first time in years, fuel markets are now “rapidly recalibrating” to the risk of prolonged disruption to global supply flows. De Haan says while the situation remains highly fluid, consumers are already beginning to feel the impact as energy markets adjust to this sudden escalation. The current national average is $3.55 a gallon.