Gas Prices Soar Amid Global Supply Crunch | Salt Lake City News

Gas prices are soaring to record highs this Labor Day weekend, hitting $4.14 a gallon — nearly a dollar up from last year and surpassing the 2012 peak. Blamed on Middle East tensions, especially attacks on Iran blocking oil flow through the Strait of Hormuz, prices show no sign of easing soon. Diesel is even worse, at $5.85 a gallon, driving up costs for groceries and deliveries. U.S. refineries are maxed out, extreme Texas heat threatens supply, and global disruptions — from Ukrainian drone strikes on Russian refineries to China’s declining output — are tightening diesel supplies. The Energy Secretary promises relief but offers no timeline. Bottom line: your best move? Use gas price apps to find cheaper stations off the highway. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3d8d72af049b2e26