White House reveals real reason behind rising US gasoline prices
The Donald Trump-led White House has said disruptions at refineries, rather than the Strait of Hormuz, are now driving up gasoline prices in the United States. The White House made this disclosure on its official X account on Monday. The White House said record volumes of crude oil were passing through the Strait of Hormuz […] White House reveals real reason behind rising US gasoline prices
The White House has attributed the surge in US gasoline prices to refinery disruptions, rather than the Strait of Hormuz, according to their official X account. They explained that despite record volumes of crude oil passing through the Strait of Hormuz daily, refinery capacity has become a key driver of rising gasoline prices. The White House cited the destruction of Russian refineries by Ukraine and the closing of US refineries in "Blue" states as factors contributing to the issue.
They emphasized that the availability of crude oil via the Strait of Hormuz is no longer the primary concern behind gasoline price pressures. The Strait of Hormuz is a crucial global oil transit route, but the Iran-US-Israel conflict in the region has disrupted oil supplies and fuel prices worldwide. At the time of this report, West Texas Intermediate and Brent crude were priced at $89 and $100 per barrel, respectively. Domestic fuel prices in Nigeria ranged between N1,370 and N1,410 per litre in Abuja.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
