US Edition
Gas prices more than 40 cents higher per gallon than last week's national average
National average gasoline price rose to $3.41 a gallon, up 9 cents from Friday, driven by Middle East conflict disrupting oil supply and shipping in the Persian Gulf.
- U.S. drivers are seeing higher pump prices as the national gasoline average climbed to $3.413 on Saturday, rising overnight and amid crude above $90 according to AAA.
- Missile and drone strikes across the Middle East have stranded ships carrying roughly 20 million barrels a day in the Persian Gulf as the Strait of Hormuz became unsafe.
- The West Coast is seeing the steepest pump pain, with California averaging $5.078, while diesel averages $4.510 nationally and six states remain below $3 per gallon in the Southeast.
- The Development Finance Corporation unveiled up to $20 billion in insurance to restart tanker runs, while U.S. officials acknowledged firms remain wary and said military escorts would begin when possible.
- Economists warn of a 'rockets and feathers' pattern, AAA notes gas hit $3.80 last time crude was this high, and market trackers say prices may understate a prolonged strait closure and summer demand.
26 Articles
26 Articles
Oil expert warns of 'nightmare scenario’ war could spark
It was a day of major volatility in global energy markets and a moment of real concern for consumers. Oil prices surged overnight, coming close to $120 a barrel, but by the end of the trading day prices had fallen sharply. Still, the national average price of gasoline per gallon has risen nearly 50 cents since the Iran conflict began. Geoff Bennett discussed the developments with Daniel Yergin.
Gas Prices Surge in U.S. as Iran War Chokes Oil Supply
Gas prices are surging across the United States as the fallout from the U.S.-Israeli attack on Iran continues to choke global oil supplies. The national average for a gallon of regular gasoline jumped by 14% in a week to $3.41 on Saturday, according to data from the AAA motor club. [time-brightcove not-tgx=”true”] The price was under $3 a week ago, but the conflict has severely disrupted oil flows through the Strait of Hormuz, sending crude oil …
Gasoline prices in the United States have again risen yesterday, with the price of the gallon (which corresponds to 3.7 litres) being increased by 34 cents of dollars, or about 11% since the beginning of the war led by the United States and Israel against Iran. With this increase, the average gas oil price has reached US$ 3.32 per gallon, the highest value since September 2024, according to the Automotive Association (AAA). ANP: Gasoline and die…
Crude prices make record jump as Trump’s measures fail to calm markets
A week after it began its strikes on Iran, the Trump administration’s efforts to stem the rise in energy prices have yet to turn the tide — and analysts warn the worst of the price shocks may still be to come. The U.S. benchmark oil price eclipsed $90 a barrel on Friday for the first time since 2023, up more than $20 since the war began Saturday and the market’s highest one-week jump in history. The price increase has already started to appear f…
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