Petrol Prices for 91 Unleaded Start Hitting $3 a Litre

Petrol prices for 91 unleaded start hitting $3 a litre

Prices were skyrocketing with the rapid increases brought about by tightening global supply as Iran attacked shipping in the Strait of Hormuz.

Santa Barbara Gas Prices Soar as Iran Conflict Impacts Global Supply

Analysts described “unprecedented” volatility as local prices went up by more than 60 cents in a week.

How is the Iran war affecting gas prices?

How energy markets have reacted to unfolding events Global crude markets have been highly sensitive to the U.S. led military campaign and a series of related disruptions in the Gulf. Traders react quickly to anything that could narrow supply or threaten key shipping lanes; the recent operations…