US Gas Hits Record August $4.06 as Iran Talks Stall and Trump Threatens Oman

3 articles · Updated · The Guardian · Aug 17

$4.06 a gallon marked the US national average on Monday, up 5 cents in a week and the highest August level on AAA records.
Missed US-Iran nuclear talks and Trump's threat to bomb Oman if it “gets in the way” renewed fears over a war that has already disrupted the Strait of Hormuz.
$85 Brent crude is down from March's $112 peak but still about 30% above a year ago, keeping pump prices elevated at roughly $5.50 in California and Hawaii.
$56.4 billion in extra gasoline costs over six months has added about $477 per household, while half of Americans told a May Harris Poll they were struggling with gas and grocery bills.
$90 billion in spring-quarter profits for eight major oil companies underscored how the conflict's energy shock has squeezed consumers even as overall inflation cooled in July.