Episode Details

Gas prices are climbing back over four dollars a gallon as summer travel kicks in, fueled by uncertainty around the Strait of Hormuz and Iran talks — a stark contrast to earlier this year when some states hit under two bucks. Economists are watching closely, as oil prices directly impact inflation; keeping crude under seventy bucks a barrel could ease pressure. Meanwhile, the Fed’s latest meeting signaled continued vigilance on energy costs, with some predicting a gas price cooldown in the coming months.

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