Patrick DeHaan of GasBuddy asserts that California's high gasoline prices are a result of state policies including cap and trade, a low carbon fuel standard, high gasoline taxes, and stringent refiner...

The Strait of Hormuz has been blocked for 82 days due to the conflict between the U.S. and Iran, preventing the transit of millions of barrels of oil per day.

Patrick DeHaan predicts that if the Strait of Hormuz remains closed, the national average for US gasoline prices could reach $5 per gallon by July 4th and potentially $6 per gallon by Labor Day.

Recent refining issues in the Great Lakes region caused gasoline prices to spike and diesel prices to reach new all-time records.

The closure of the Strait of Hormuz has resulted in a loss of over 1.2 billion barrels of oil from the global market.

The Strait of Hormuz has been blocked for 82 days, preventing millions of barrels of oil per day from their normal transit.