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Gas Prices Soar Amid Global Tensions | Virginia Beach News
Description
Gas prices are surging back over $4 a gallon in Virginia as global tensions between the U.S. and Iran escalate, disrupting oil shipments through the Strait of Hormuz and the Red Sea. With fuel inventories lower than last year, the situation is more fragile—and summer relief is now off the table. Rising diesel costs are hitting truckers hard, while gas station owners face a painful squeeze between higher wholesale prices and consumer demand. This isn’t just about your tank—it’s fueling inflation and straining businesses across the board, all while the world watches for a diplomatic break.
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