California gas prices hit $6 per gallon as fuel costs jump nearly 30 cents in a week across the U.S.

The rise in gas prices reflects broader geopolitical tensions and supply chain vulnerabilities in the oil market. With Iran's decision to keep the Strait of Hormuz closed, the potential for further price increases looms, especially if other factors such as production cuts or increased demand come into play. This situation underscores the interconnectedness of global energy markets and the direct impact on consumers.