Strait of Hormuz tensions threaten to push gas past $5 a gallon by June

Tensions in the Strait of Hormuz threaten to push gasoline prices past $5 a gallon by June, driven by Iran's blockade of tanker traffic and rising global energy prices. The U.S. briefly hit $5 gas in 2022 following the Russian invasion of Ukraine. Analysts warn that $5 gasoline is now a real possibility as the summer driving season approaches.