Gas Prices Surge Amid Global Oil Tensions | Portland Maine News

This Labor Day, Americans are bracing for the priciest gas prices ever seen on a holiday weekend—thanks to Iran’s ongoing disruption of oil traffic through the Strait of Hormuz. With crude prices surging and refineries running at full capacity amid extreme heat and hurricane threats, regular gas is still below 2022’s record, but diesel has hit a new high, sending ripple effects through shipping and everyday goods. Energy Secretary Chris Wright says the administration’s working to boost supply, but global chaos—from drone strikes on Russian refineries to China’s lower output—is tightening markets and keeping costs stubbornly up. 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/e3d586b771e0e07d