US gas prices edge up again as US-Iran tensions heighten over strait of Hormuz

Rising tensions between the U.S. and Iran have caused fuel prices to spike, with diesel exceeding $5 per gallon in the United States. Market volatility is being exacerbated by unpredictable rhetoric from the White House regarding the Strait of Hormuz.
A driver pumps gas at an Exxon station on 10 July 2026 in Austin, Texas. A driver pumps gas at an Exxon station on 10 July 2026 in Austin, Texas. Strait of Hormuz US gas prices edge up again as US-Iran tensions heighten over strait of Hormuz Diesel tops $5 a gallon as regular gas reaches almost $4, nearly a dollar and a quarter more than a year ago
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