Washington, March 31 -- The average price of gas in the US ballooned up to USD 4 a gallon on Tuesday, further rising from Monday's USD 3.990 a gallon, marking what is the country's highest rise in prices for the first time in more than three years, and ever since the US-Israel war against Iran started on February 28.
The reported jump marks more than a 35 per cent increase at the pump for the average consumer, since the war in Iran began last month, and there's little hope that costs are going to ease anytime soon, as the Strait of Hormuz remains economically paralysed and closed to all, save ships from a few nations, straining energy supplies worldwide significantly, as the blocked route controls more than 20 per cent of the global oil tr...