US Edition
Gas Prices Surge 50 Cents Per Gallon—And More In These States
Gas prices surged to an average of $3.54 per gallon as disruptions in the Strait of Hormuz tightened oil supply, with California reaching $5.29 per gallon, AAA reported.
- On Tuesday, AAA reported the U.S. national average was just under $3.54, rising six cents overnight from Monday.
- The Strait of Hormuz, a key tanker route, has been effectively closed, as Iran's attacks and threats disrupted shipping, pushing oil above $100 per barrel, according to reports.
- State-Level figures reveal Tuesday that Kansas averaged 2.96, while California hit 5.29 per gallon, according to AAA.
- Market analysts cautioned Monday that GasBuddy's forecast indicates U.S. consumers could see gas rise 20 to 50 cents this week, with diesel up 35 to 75 cents.
- As markets recalibrate, the federal government links every $1 change in crude oil to a 2.4-cent per gallon shift, reflecting risks of prolonged supply disruption.
27 Articles
27 Articles
Oil, War, And The Strait of Hormuz: Can Washington Safeguard Global Energy Markets From Iran?
As the United States and Israel's conflict with Iran converges on the Strait of Hormuz, markets are reacting to rising risks of energy disruption. Analysts say the crisis is testing whether Iran can leverage global oil flows -- and whether Washington can prevent a supply shock.
Florida Gas Prices Spike Following Iran Attacks
By The News Service of Florida Gas prices have jumped nearly 60 cents in Florida since ongoing U.S. and Israel strikes on Iran started just over a week ago and effectively halted tanker traffic in the Strait of Hormuz, a chokepoint for global oil traffic. The auto club AAA put an average gallon of gas in Florida at $3.45 on Sunday, from a low of $3.04 in Okaloosa County in the Panhandle to $3.70 in Monroe County, which includes the Florida Keys.…
How today’s gas prices compare to a 30-year history of inflation
The economic fallout from the war with Iran has hit American drivers’ wallets. It’s hardly the first time that geopolitical conflict has caused increased gas prices, and when adjusted for inflation, gasoline is less expensive now than throughout much of the 2000s and 2010s. The historic trend for gas prices is full of valleys and peaks, even when adjusted for inflation. Tuesday’s average of $3.54 per gallon, according to AAA, is up over 70 cent…
Gas prices surge nationwide as oil markets react to Middle East tensions
Gas prices across the United States continued to rise Tuesday as escalating tensions involving Iran impact global oil markets. According to AAA, the national average price for a gallon of gasoline reached just under $3.54 Tuesday, up six cents from Monday. The increase also marked the end of sub-$3 gasoline in nearly every state. Kansas remains the only state with an average price below $3 per gallon at about $2.96. California continues to have …
Coverage Details
Bias Distribution
- 78% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
