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US Gas Prices Rise Amid Iran Tensions, Diesel Surges

6/24/2025

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Story summary
  • US gas prices are expected to increase by five cents, reaching $3.27 per gallon amid tensions with Iran.
  • Diesel prices have surged by 17 cents per gallon, the highest increase since August 2023.
  • Iran's Parliament is considering closing the Strait of Hormuz, which could disrupt global oil supply.
  • The conflict intensified following Israeli strikes on Iranian facilities, leading to substantial casualties.