Gas Prices Surge as Strait of Hormuz Falters | Durham News

Gas prices are surging again after a brief reprieve, climbing over four dollars a gallon nationwide — and that’s just the start. The failed diplomatic push to reopen the Strait of Hormuz has left oil shipments stalled, with only 14-16 ships passing through recently despite U.S. claims of control. Compounded by the war in Ukraine, global energy supplies remain tight, keeping prices elevated well into September. While countries are finding workarounds like shuttle tankers and alternative pipelines, the market’s volatility is clear — even energy giants like Exxon and Chevron are seeing gains as investors bet on resilience. This isn’t the crisis some feared, but it’s far from smooth sailing. 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/7acf51e584d07dcb