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Why Gas Hit $4 a Gallon This Week: The Hormuz Math at the Pump

April 30, 2026 · by admin

Brent closed at $118 and WTI at $107 on April 29 after Trump said the US blockade of Iran will continue until a nuclear deal. US gasoline is forecast at $4.30/gal for the month. Walking a single gallon back to the tanker shows the chokepoint fee is small. The chokepoint risk is what is doing the work in your fill-up.

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