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Story summary
- Gas prices have surged about 20% due to disruptions in Strait of Hormuz oil shipments amid the ongoing war with Iran.
- The average price per gallon is $3.54, up from $2.92 a month ago.
- Experts say tapping the Strategic Petroleum Reserve could provide relief.
- U.S. President Donald Trump has resisted calls to use the SPR.
- The G7 has not yet agreed to release reserves, pending analysis.
