Fuel prices have surged to their highest level since mid-2022, with petroleum analysts warning we could yet see record highs if the Trump administration can’t find a way to end its war with Iran anytime soon.
The Toyota Sequoia faces the biggest war penalty when it comes to fuel costs.
With the vital Strait of Hormuz effectively shut down, fuel shortages are mounting on a global scale. But while the U.S. has plenty of its own petroleum, pump prices have still surged to the mid-$4.00 range on a national level. And that’s “play(ing) havoc with a consumer’s monthly budget,” said Karl Brauer, executive analyst for iSeeCars.In a newly released study, Brauer said motorists driving gas-powered vehicles can expect to pay an extra $706 for fuel over the …
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Author: Paul Eisenstein
