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Oil and Gas Prices Decrease Ahead of Fourth of July Weekend
Oil and gas prices have decreased ahead of the Fourth of July weekend due to increased shipping traffic through the Strait of Hormuz, easing supply issues related to the Iran conflict. Brent crude is priced at $72.05 per barrel, while the national average for gasoline has fallen to $3.90 per gallon. Despite recent declines, prices remain higher than last year, and concerns persist regarding the stability of the U.S.-Iran ceasefire agreement.
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Oil and gas prices have decreased ahead of the Fourth of July weekend due to increased shipping traffic through the Strait of Hormuz, easing supply issues related to the Iran conflict. Brent crude is priced at $72.05 per barrel, while the national average for gasoline has fallen to $3.90 per gallon. Despite recent declines, prices remain higher than last year, and concerns persist regarding the stability of the U.S.-Iran ceasefire agreement.
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