Gas Prices Surge Amid Red Sea Crisis | Portland Maine News

Gas prices are skyrocketing as Middle East tensions grip global markets—diesel hits $6.23 a gallon, gas up 17 cents in a week to $4.32, and motor oil has doubled. Iran-backed rebels seizing Red Sea coast forced Saudi Arabia to shut down a key pipeline, sending prices to their highest since May. The U.S. is negotiating with regional players, but everyday costs are mounting: families have spent over $800 extra on fuel since the conflict began. With U.S. reserves at a 40-year low and China ramping up global crude purchases, analysts warn prices could climb even higher. 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.Sources:https://fox23maine.com/news/nation-world/houthi-escalation-in-the-middle-east-brings-new-pain-at-the-pump-for-americans-energy-war-gas-prices More coverage & latest updates:https://sources.thednn.ai/6310527aeda77088 Report issues to [email protected].