
$5 fuel alert: Impact of Iran conflict on every American at the gas station

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Gas prices in the U.S. have exceeded four dollars per gallon, with predictions from JPMorgan suggesting they could reach five dollars by summer due to the Iran conflict disrupting the Strait of Hormuz. This has led to a loss of 13 million barrels per day from global supply, the largest energy disruption recorded. Experts from Goldman Sachs, the EIA, and Saudi Aramco forecast a return to normalcy not expected until 2027.

