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Oil Surge Hits Everyday Costs | Durham News
Oil surges past $100 a barrel again, fueled by Middle East tensions, and the ripple effects are hitting your wallet hard — from gas pumps to grocery shelves to shipping costs. With fighting back on the rise, global supply chains are tightening, forcing businesses to pass on higher fuel and logistics expenses. Gas prices are climbing, food costs are rising as farmers and shippers pay more, and back-to-school items like shoes and airfare are getting pricier. Experts warn these hikes could stick around for weeks, with prices unlikely to drop quickly — even if futures hint at a future cooldown…
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