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Strait of Hormuz Fears Send California Gas Past $6 a Gallon
California's average gasoline price surged to above $6 per gallon on Thursday, the first U.S. state to top this threshold since the Iran war rattled markets.
Summary
California's average gasoline price surged to above $6 per gallon on Thursday, the first U.S. state to top this threshold since the Iran war rattled markets. The U.S. benchmark crude price, WTI Crude, had jumped to $106 per barrel in Asian trade on Thursday, driving sustained increases in U.S.
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