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Gas Prices Soar as Global Oil Tensions Mount | Oakland News
Description
Gas prices are soaring, especially in California where the average hit $5.57 — the highest in the nation — after a 17-cent spike in just one week. The culprit? Crude oil costs climbing to $90 per barrel, fueled by global tensions around the Strait of Hormuz and Middle East instability. With oil and refining costs dominating the gas price equation, this isn’t a fluke — it’s a direct result of global events that could keep prices climbing through summer.
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