Gas Prices Surge Amid Strait of Hormuz Closure

Hawaii's gas prices have climbed to $5.6 per gallon due to the ongoing closure of the Strait of Hormuz. According to NS3.AI, the U.S. average price reached $4.48 on Wednesday. Data from AAA indicates that prices are $1.32 higher than they were a year ago. Patrick De Haan from GasBuddy has warned that gasoline prices could reach new record highs if the closure persists.