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Gas Prices Soar Amid Middle East Tensions | Sacramento News
Gas prices are surging back above $4 a gallon nationwide as Middle East tensions flare, threatening global oil supplies and sending Brent crude past $100 a barrel. Refineries locked into long-term fuel contracts are already feeling the strain, with California hitting $5.57 a gallon while even cheaper states like Indiana see prices creep up. Businesses face higher costs, squeezing consumer budgets. Meanwhile, Gulf nations are pouring billions into new pipelines to bypass the vulnerable Strait of Hormuz — a long-term strategy to stabilize prices — but for now, drivers are paying the price, and…
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