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Gas Prices Surge as Strait of Hormuz Falters | Durham News
Gas prices are surging again after a brief reprieve, climbing over four dollars a gallon nationwide — and that’s just the start. The failed diplomatic push to reopen the Strait of Hormuz has left oil shipments stalled, with only 14-16 ships passing through recently despite U.S. claims of control. Compounded by the war in Ukraine, global energy supplies remain tight, keeping prices elevated well into September. While countries are finding workarounds like shuttle tankers and alternative pipelines, the market’s volatility is clear — even energy giants like Exxon and Chevron are seeing gains as…
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