You may pay more for gas after Iran closes Strait of Hormuz oil route [USA TODAY]
Free Flow Inc (FFLO)
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Source: USA TODAY
The announcement came two days after the , which has spread across the region. At least five oil tankers in the strait have been damaged, and 150 ships have been stranded. "The ,” said an official of Iran's Revolutionary Guard Corps on March 2. “If anyone tries to ?pass, the heroes of the Revolutionary Guards and the regular navy will set ?those ships ablaze.” As of midday on March 3, the price of a barrel of Brent crude, the global benchmark, hovered near $83, The national average price for a gallon of gasoline increased by about 18 cents in the United States from March 1 to March 3, according to GasBuddy. It's unclear if gas prices will continue to rise, or for how long. Here's a closer look at the vital waterway: Can't see the map above? Please click here to reload the page. More than 3,000 ships use the strait every month. Most of them transport crude oil, refined petroleum – the equivalent of about 20 million barrels of oil per day – and liquid natural gas from Persi
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