Rubio insists US is ‘very fortunate’ as Iran war pushes gas price near $4.50
Summary
Senator Marco Rubio said the United States is in a better position than other countries as gas prices rise because the U.S. produces more oil itself and does not rely heavily on Middle Eastern oil. Gas prices in the U.S. have reached nearly $4.50 per gallon, the highest in four years, partly due to disruptions linked to conflict involving the U.S., Israel, and Iran.Key Facts
- U.S. average gas prices are about $4.48 per gallon, close to the highest point in four years.
- Fuel prices have increased after the U.S. and Israel attacked Iran on February 28.
- The Strait of Hormuz, a critical route that carries about 20% of the world’s oil and gas, has been nearly closed, causing global oil supply problems.
- Rubio said the U.S. is "very fortunate" because it is a net exporter of oil and less dependent on Middle Eastern supplies.
- He noted that gas prices in the U.S. would be even higher without this advantage.
- Rubio said prices could reach $8 or $9 per gallon if Iran had nuclear weapons and chose to block the Strait of Hormuz.
- Average gas prices were just under $3.17 per gallon a year ago, showing a big increase this year.
- Some Americans are frustrated by the rising cost of gas, especially drivers who feel the price increases directly impact their daily lives.
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