00:00American drivers are paying a painful price for the war with Iran, and relief is not on the horizon.
00:06The national average for regular gasoline is now $4.52 per gallon, according to ALA.
00:12That is more than a dollar higher than it was before the U.S. and Israel launched strikes on Iran
00:17in late February.
00:19The culprit is the Strait of Hormuz, the critical waterway through which 20% of the world's oil supply flows.
00:26It has been effectively closed for months. Oil benchmark Brent crude is now trading above $107 per barrel.
00:33At the start of the war, it was under $75. Trump administration officials are under mounting pressure to act.
00:40The energy secretary has floated the idea of suspending the federal gas tax.
00:45But economists warn that would provide modest relief at best, about 18 cents per gallon, while the underlying oil price
00:53crisis continues.
00:54Saudi Aramco CEO, Amain Nasser, warned this week that even if the Strait reopens today,
01:00oil markets will not normalize until 2027.
01:04For 130 million American households that drive, this is a direct hit on their budget.
01:10Every single day.
01:11October 3,×× South Wales estadounidors,čŠ.com
01:11We try to flag the price of $1.820.
01:11YouRL.
01:11For few weeks over it, you are buying it.
01:12This is something that uses the unmist count of theahn.
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