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Gas Prices Soar Amid Global Tensions | Monroe Louisiana News
Gas prices are soaring to record highs, hitting drivers hard as summer travel winds down—with regular gas averaging $4.14 a gallon, nearly a dollar up from last year. Geopolitical tensions, especially disruptions in the Strait of Hormuz after February attacks on Iran, are blamed for tightening global oil supply. Families like Nicole Collins are cutting back on trips, stretched thin by rising costs and baby budgets. While Energy Secretary hints at future relief, refinery capacity and global supply chain issues—including drone strikes on Russian refineries and China’s lower output—mean prices…
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