US gasoline crosses $3 per gallon mark in test of Trump's Iran war [Yahoo! Finance Canada]
Siebert Financial Corp. (SIEB)
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Source: Yahoo! Finance Canada
NEW YORK, March 2 (Reuters) - Average U.S. retail gasoline prices crossed $3 a gallon for the first time since November on Monday as the conflict ?in the Middle East worsened, setting up a key test of public approval ?of President Donald Trump's decision to attack Iran, analysts said. Tehran's retaliation in response to U.S. and Israeli strikes ?has disrupted global oil supply, as it hit production facilities in neighboring countries and ships in the Strait of Hormuz, a key global trade route. Oil prices have surged, with Brent crude rising more than 5% to nearly $77 per barrel, and fuel prices moving up in tandem ?with the feedstock costs. Higher prices ?at the pump mark a major risk for Trump and his fellow Republicans as they head into midterm elections in November, with many Americans ?struggling to keep up with rising costs for daily goods. Nearly half the respondents in a Reuters/Ipsos poll said they would be less likely to support Trump's Iran campaign if oil and ?gas pric
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- US gasoline crosses $3 per gallon mark in test of Trump's Iran war [Yahoo! Finance]Yahoo! Finance
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