Gasoline & Japan

Gasoline: Gasoline prices have climbed significantly across the United States, driven by the global energy crisis caused by the Iran war and the constrained Strait of Hormuz, impacting consumer spending and sentiment.

Japan: Japan's economy is affected by the Iran war, with its stock market experiencing volatility and firms reporting sharp rises in input costs due to higher raw material prices.

Gasoline: Inventories at multi-year lows, margins near record levels, US prices above $4 per gallon.

Japan: Japan is a major oil importer affected by higher prices and yen weakness, prompting intervention in currency markets.