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Gas Prices Rising Amid Global Supply Tension | Sioux City News
Gas prices in Iowa hit $3.50 a gallon—up slightly but still far below last month’s highs. While Independence Day was the third most expensive nationwide at $3.74, global supply chain issues, including attacks on Russian refineries, are keeping prices stubbornly high. Russia now imports fuel instead of exporting, tightening global supply and pushing up “crack spreads”—the gap between crude oil and gasoline prices. Until refineries stabilize, expect prices to stay elevated, even as crude oil dips. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise…
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