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Memorial Day Gas Demand Surge Collides With Hormuz Shock As $5 Demand-Destruction Line Nears
Memorial Day Gas Demand Surge Collides With Hormuz Shock As $5 Demand-Destruction Line Nears
Drivers heading into Memorial Day weekend are set to face some of the highest regular gasoline prices at the pump in years.
With the U.S. national average sitting at $4.53 per gallon (according to AAA data) and no resolution yet on a U.S.-Iran peace deal or the reopening of the Strait of Hormuz, pump prices risk rising even higher into the holiday weekend as the summer driving season begins.
Let's start with the chart of the day: AAA...
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Apr 23, 2026 / Tyler Durden
Andurand's "Hedge" Fund Lost 52% In First Two Weeks Of April On Levered Oil Bets
Andurand's "Hedge" Fund Lost 52% In First Two Weeks Of April On Levered Oil Bets
Three weeks ago, when Bloomberg pointed out that Andurand was the best performing hedge fund in March thanks to its notorious levered long oil positioning (and really nothing else), we said they may want to refresh his exposure after the April 7 oil crash.
May want to F5 on Andurand after today's near record oil crash https://t.co/tlkgz3dXJa
— zerohedge (@zerohedge) April 8, 2026
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Israeli Attacks on Lebanon Hospitals Fuel Growing Backlash
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Only 1 in 3 Americans Support Iran War
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