end to Iran war may not bring gas price drop
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Already pinched by the high costs of living, some families have modified how they plan to travel by road and air as the Iran war pushes gas and oil prices higher.
US gas prices hit $3.98 per gallon as rising diesel costs, Middle East tensions and crude oil above $100 push fuel prices higher nationwide.
Gas prices are rising amid the ongoing conflict involving Iran, and drivers across the country are feeling the impact at the pump. Economists warn the trend is likely to continue as the conflict progresses,
The price of home heating oil is climbing and it isn’t under control of smaller delivery companies. The ongoing conflict in the Middle East, the closure of the Strait of Hormuz by Iran, and markets for crude oil dictating what the prices are fast becoming a crisis on the homefront.
By Chris Thomas and Nikunj Ohri NEW DELHI, March 27 (Reuters) - India has slashed excise duties on petrol and diesel to protect consumers and curb a potential spike in inflation, while imposing windfall taxes on aviation fuel and diesel exports,