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Donald Trump threatens to bomb Oman as national gas prices exceed $4.00 per gallon

National gasoline prices have surpassed the $4.00 per gallon mark, reaching a high for August as geopolitical tensions and supply disruptions continue to drive costs upward. The national average price of gas reached $4.02 per gallon, while diesel prices have risen significantly across most states. These increases are largely attributed to the continued closure of the Strait of Hormuz and ongoing Ukrainian attacks on Russian oil refineries. During the period of stalled peace talks between the US and Iran, Donald Trump issued a fresh threat to bomb Oman if it interferes with diplomatic progress. While the administration announced the release of 172 million barrels of oil from the U.S. Strategic Petroleum Reserve to ease the burden on consumers, prices remain elevated. Experts suggest that while the seasonal transition to winter-blend gasoline may offer some relief, the path for gas prices remains tilted to the upside until the Strait of Hormuz reopens and refinery strikes conclude. Oil companies have amassed significant windfall profits during this period of high demand and supply constraints.

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