Oil prices spiral even as President Trump suspends Jones Act


Oil prices continued their upward spiral Wednesday, as Israel and Iran threatened more attacks on petroleum facilities, jolting markets and sending the cost of a barrel of crude to nearly $110.

The price spike threatens more pain at the pump for American drivers. A gallon of regular unleaded gas already averages $3.84 nationally, according to AAA — an increase of 32 percent from just a month ago, before President Donald Trump launched strikes on Iran alongside Israel.



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