Episode Details

Gas prices hit record highs heading into Labor Day, with regular gas at $4.14 and diesel near its all-time peak—forcing Americans and businesses to pay more for everything from groceries to shipped goods. Driven by soaring crude oil costs and Middle East tensions, especially around the Strait of Hormuz, the average household has spent over $700 extra on fuel. Trucking, construction, and farming industries are reeling, and experts warn elevated prices will persist until global oil shipping stabilizes. President Trump met with refiners to push for production boosts, but relief may be slow in coming.

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