Gas prices ‘likely’ to shatter records this summer as experts warn issue ‘very much contingent’ on Strait of Hormuz

Source: New York Post

Drivers could be in for pain at the pump during the busy summer travel months, with an average of $4. 80 per gallon or higher expected between Memorial Day and Labor Day. The dire forecast, from gas-tracking service GasBuddy released Wednesday, comes as the Strait of Hormuz remains shut as the US and Iran maintain a tenuous cease-fire in the Middle East.