08/31/2026
Higher oil prices can ripple through the economy, affecting gasoline prices, shipping costs, and manufacturing expenses...
Oil prices are rising today due to renewed geopolitical tensions between the US and Iran, concerns over Middle Eastern supply disruptions, and market reactions to potential escalation in the Strait of Hormuz... Current estimates suggest that oil flows out of the Strait of Hormuz are limited to around 5 million barrels per day, compared to 9–10 million barrels per day for the broader Middle East region. Our retail price as of today 08/31/2026 is $4.99 per gallon...
As the day goes on, I expect a sharp price increase... My suggestion for those who heat there home with heating oil to create and fund a Fuel oil savings account...
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