Gas Prices in US Jump 21% in March—Largest Monthly Increase Since 1967
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Gas prices rose 21 percent in March, the largest monthly increase since 1967, according to a new Bureau of Labor Statistics (BLS) report on inflation . Newsweek reached out to the White House for comment via email. The report comes as the Iran war has put pressure on the global oil supply, resulting in higher prices at the pump. The closure of the Strait of Hormuz, a critical passageway for oil, has caused prices to soar since the United States and Israel launched strikes against Iran in
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