Overview
- U.S. forces struck three Iranian oil tankers on Saturday, and fresh attacks that hit Saudi Aramco’s Jizan facilities have kept Brent and WTI near six‑week highs.
- The national average price for regular gasoline reached a Labor Day record of $4.15 per gallon and U.S. diesel averaged about $5.90 per gallon.
- Ship‑tracking data show tanker crossings through the Strait of Hormuz have fallen to roughly 10 commodity vessels per day, cutting a key route that normally carries about one‑fifth of seaborne oil.
- Brown University’s cost tracker estimates U.S. households have paid roughly $100 billion extra for gasoline and diesel since the war began, a burden that is feeding consumer inflation and political concern.
- Policy actions so far include early EPA permission to sell winter‑blend gasoline and prior SPR releases, but analysts warn that further strikes or refinery outages could push Brent toward $120 and worsen fuel shortages.