U.S. Gas Prices Hit More than $4 per Gallon; Stocks Surge on Reports on Potential End of Iran War
5 Articles
5 Articles
Week in Review: Fuel price warning signs
American retail runs on diesel, and that’s especially true of the produce industry. It’s been about a month since the start of the conflict in Iran, and with it the blockage of the Strait of Hormuz, which doesn’t directly affect the U.S. oil supply but certainly does the global supply. Average diesel prices topped $5 per gallon recently and even above $7 per gallon in California, the No.1 produce state. Fresh fruit and vegetable delivery has…
AAA: National average tops $4 per gallon for the first time in four years; N.J. average is $4.05
The national average for a gallon of regular exceeded $4 per gallon this week for the first time since August 2022, according to Voorhees-based AAA on April 2. The average that day of $4.08 is 10 cents higher than last week and $1.08 higher than a month ago. Crude oil prices have been surging, surpassing $100 a barrel, as the conflict in the Middle East continues and the Strait of Hormuz remains closed and under attack from Iran and its allies. …
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