Updated
Updated · Jalopnik · Apr 28
United States holds 25 days of oil supply amid Strait of Hormuz disruption
Updated
Updated · Jalopnik · Apr 28

United States holds 25 days of oil supply amid Strait of Hormuz disruption

11 articles · Updated · Jalopnik · Apr 28
  • With oil flows through the Strait of Hormuz sharply reduced, the US has about 25 days of oil supply and 413 million barrels in reserves.
  • Average US gasoline prices now exceed $4 per gallon, while European prices have surged to over $10 per gallon, intensifying inflation fears and economic pressures.
  • Despite strong domestic production, the US cannot remain isolated from global markets, and prolonged disruption may further raise prices as other countries face fuel shortages and scramble for alternative supplies.
With US gas over $4, can strategic reserves prevent a much deeper economic crisis?
As Europe's fuel prices top $10, is widespread rationing now inevitable?
Could today's record fuel prices trigger an oil market crash later this year?
Australia's fuel supply is failing. How many other nations are secretly on the brink?
The oil crisis is here, but is a global food crisis the real threat?
The Qatar LNG attack ensures a multi-year shortage. Which nations will be left in the cold?