Gas Hits $4 a Gallon Again as US and Iran Launch Attacks
AAA says the national average is just above $4 a gallon as vessel crossings in the Strait of Hormuz fell 50% last week.
- On Monday, the American Automobile Association national average for regular gasoline returned to $4.019 per gallon as intensified military actions between the U.S. and Iran disrupted global oil flows.
- The conflict has plunged the world into an energy crisis, stalling traffic in the Strait of Hormuz after a peace deal between Washington and Tehran crumbled this week.
- American households have paid nearly $71.1 billion in extra fuel costs since the war began, while diesel prices averaged nearly $5.11 per gallon on Monday, according to AAA.
- White House spokesperson Taylor Rogers said Monday that prices would plummet back to pre-conflict levels as the military degrades Iran's ability to attack vessels and disrupt trade.
- Analysts from S&P Global Energy noted vessel crossings fell 50% last week, warning it could take months for supply chains to return to pre-war levels even if fighting ends.
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20 Articles
'Everyone bet Trump would chicken out': Experts warn gas prices are about to skyrocket
American drivers already reeling from gas prices above $4 a gallon should brace for worse, energy analysts warn, as oil markets confront the mounting toll of the Iran war and the fading hope of a quick resolution.Oil has climbed past $100 a barrel in recent days as fighting between the U.S. and Iran intensified following the collapse of diplomatic efforts to extend an April ceasefire, reported the Washington Post. Tehran has struck U.S. military…
Last Monday, the average price of gasoline in the US pumps reached US$ 4 (just over R$ 20) per gallon, according to the AAA automotive club, as the country's war with Iran intensified again, interrupting most of the maritime oil transport in the Persian Gulf and pressing global refineries that were already operating with reduced stocks. The price rose 13 cents in relation to a week earlier, when the national average was US$ 3.87. Greer: USA will…
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