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Hormuz Conflict Keeps Fuel Prices Elevated as U.S. Report Puts Household Hit at $1,753

A Senate analysis quantifies how the oil shock is squeezing budgets even as markets show little sign of a quick reset.

Overview

  • AAA’s latest weekly reading shows U.S. gasoline averaging about $4.56 a gallon, with California above $6 statewide and San Diego at $6.20, near prior peaks.
  • The Senate Small Business Committee estimates a typical two‑car household will spend roughly $1,753 more on gasoline this year, based on a national average price near $4.54, up about $1.56 a gallon since the war began.
  • Fighting that has constrained the Strait of Hormuz, a chokepoint for roughly one‑fifth of traded oil, triggered what the International Energy Agency describes as a major supply disruption that drove crude near $112 a barrel in early April.
  • In Spain, average pump prices continue to edge higher, with gasoline at €1.548 per litre and diesel at €1.741, reflecting higher wholesale costs tied to Brent near $100.
  • Spain’s energy ministry posts daily station‑level prices that apps turn into maps, helping drivers find cheaper options as gaps between stations often exceed €0.10 per litre and out‑of‑town sites tend to be lower than tourist or city locations.