A recent poll found that a majority of Americans are changing their habits because of what is happening at the gas pumps.
U.S. gas prices rose to their highest level in four years as talks between the United States and Iran continue to go nowhere.
The average price of regular gasoline at the pump is $4.22 per gallon, according to AAA. Oklahoma reported the lowest average at $3.65 per gallon, while California remained the most expensive state for fuel at $5.98 per gallon.
According to The New York Times, Tuesday’s 1.6 percent hike was the highest percentage increase in more than a month. Negotiators are currently deadlocked over proposals to reopen the Strait of Hormuz, the narrow waterway and trade route between Iran and Oman, where one-fifth of the world’s oil supply travels through.
The Impact On Consumers At The Gas Pump
The United States is currently enforcing a naval blockade of the Strait of Hormuz to restrict oil shipments, and it remains unclear when shipments will resume.
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Source: Black Enterprise
