'Violent' Price Spike Rocks Gas Traders Who Made Bad Winter Bets
'Violent' Price Spike Rocks Gas Traders Who Made Bad Winter Bets
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Petroleum analysis expert shares why gas prices spike
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GAS SPIKE: Oil prices jumped Monday as escalating violence in the Middle East disrupts the vital Strait of Hormuz, where about 20% of the world’s oil supply moves. Gas prices are now above $3 a gallon nationally for the first time this year, with an average of $2.92 in New Jersey and $3.11 across the U.S., a level surveys say is a financial “pain point” for many Americans. Experts say prices will likely stay elevated as long as the conflict continues, though it is too soon to know how high they
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