Gas prices could top $5 if Strait of Hormuz stays shut, J.P. Morgan says
Gas prices in the U.S. could near a record high later this month if the Strait of Hormuz remains sealed, energy industry experts warn.
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Gas prices in the U.S. could near a record high later this month if the Strait of Hormuz remains sealed, energy industry experts warn.
As families across metro Atlanta prepare to hit the road for spring break, the price of gas shows no signs of dropping.
The average price of gas across the U.S. last reached $4 after Russia's invasion of Ukraine sent crude oil prices surging.
Relief is on the way for Georgia drivers who have been feeling the pain at the gas pump.
A bill that would suspend Georgia's motor fuel tax for 60 days is now heading to Gov. Kemp's desk for his signature.
The Georgia House of Representatives on Wednesday approved an amendment to House Bill 1199 that would suspend the state's motor fuel tax for 60 days. The measure now heads back to the Georgia State Senate for further consideration before it can reach Gov. Brian Kemp for his signature.
The climbing coast of diesel fuel could mean higher prices for metro Atlanta families already feeling the effects of inflation.
Gas prices have continued to rise as the U.S.-Israeli war with Iran has disrupted the flow of oil, and in Georgia, farmers are feeling the impact.
With regular gas climbing well above $3 per gallon and diesel even higher, many are reconsidering travel plans, while experts cite global tensions and increased seasonal demand.
Gas prices are climbing across the United States as rising tensions in the Middle East push oil prices to their highest levels in years.
Gas prices in Georgia rose nearly 20 cents overnight, and it is expected that costs will continue to go up.
