The average price of a gallon (3.79 liters) of gasoline in the US exceeded $ 4. This is a record high level since August 2022, according to data from GasBuddy, a portal that monitors fuel prices.
As of 8:45 p.m. Eastern time (2:45 a.m. Bulgarian time on Tuesday), the price of a gallon of regular gasoline is $ 4.001. The highest fuel price is in California, where consumers will have to pay $5.86 per gallon.
An effective blockade of the Strait of Hormuz for another month could lead to a rise in Brent crude oil prices to $150 per barrel, according to Bruce Kasman, chief economist at the American bank JP Morgan.
“A scenario of closing the channel for another month could lead to a rise in oil prices to $150 per barrel and disruption of electricity supplies for industrial users“, the “Times“ newspaper quoted him as saying.
On March 30, the price of Brent crude oil futures for delivery in June 2026 on the London ICE exchange exceeded $115 per barrel for the first time since March 19, 2026, but later fell to 112.78.