Gasoline spike hitting traders’ radar – RB=F near multi-week highs

Gas prices are moving fast. The national average is now **$3.71/gal**, up **$0.80 in just over a month**, driven by the US–Israel war with Iran and supply bottlenecks in the Strait of Hormuz. Gasoline futures (RB=F) are reacting with elevated volatility, while crude (CL=F, BZ=F) is up **33% since Feb. 28**. For traders, the key is watching short-term support and resistance. RB=F is testing **$3.00 per gallon equivalent in futures**, with seasonal summer gasoline demand adding fuel to the fire. Any news on the conflict could trigger sharp intraday moves. Would you be looking at energy futures, or hedging with oil-related equities?