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Stock impact report

Kroger adds bold new offer for customers as gas prices rise [Yahoo! Finance]

Kroger Company (The) (KR) 
Last kroger company (the) earnings: 3/5 08:30 am Check Earnings Report
US:NYSE Investor Relations: ir.kroger.com
Company Research Source: Yahoo! Finance
To retain shoppers, the grocery chain has recently cut in-store prices and is now helping customers save on gas as fuel prices climb nationwide. The price of gas has been on the rise over the past few weeks after the U.S. and Israel's attack on Iran on Feb. 28. This attack resulted in Iran mostly closing the Strait of Hormuz, a waterway between the Persian Gulf and the Gulf of Oman, which handles about one-fifth of the world's crude oil shipments. This closure disrupted roughly 20% of global oil supplies , as well as liquefied natural gas volumes. A week after the attack, crude oil prices climbed from around $70 a barrel to almost $120, then dropped to about $100 and have remained close to that figure for several days, according to Trading Economics data Currently, gas prices across the U.S. are averaging about $3.98 per gallon, according to recent data from the American Automobile Association (AAA) . A month ago, the average gas price was $2.98 per gallon. Patrick De Haan , t Show less Read more
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