Gas prices have soared by 37% since the initial US-Israeli strikes on Iran on February 28, News.Az reports, citing CNN.
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The hike in gas prices is due to the near shutdown of the Strait of Hormuz, a crucial waterway that accounts for the transit of about 20% of the world’s oil, and a slowdown in Middle East oil production.
California has the highest average price of gasoline in the US at nearly $5.92 a gallon, while Oklahoma has the least expensive at $3.29.
