If gas feels more expensive this week, you’re not imagining it. Here's the TLDR: • Feb 28: U.S. and Israel launch airstrikes in Iran • Iran retaliates, warning any ship entering the Strait of Hormuz could be attacked • Drone and missile strikes hit vessels near the strait • Tanker traffic collapses as ships and insurers refuse to enter • The Strait of Hormuz carries ~20% of the world’s oil • Oil prices surge on supply fears and Gas prices jumped ~27¢ U.S. gas now averages $3.25 per gallon There's over 90% odds that gas rises above $3.35 by the end of March(Gemini)