US Gas Prices Hit an Average of $4 a Gallon Again as the US and Iran Launch Attacks
AAA said the national average hit $4 again as crude prices climbed and the 100 largest oil and gas companies earned about $30 million an hour in excess profits.
- On Monday, AAA reported the national average price for a gallon of regular gasoline returned to $4 as fighting involving Iran escalated, reversing declines from mid-June.
- Brent crude rose 3.2% to $90.95 per barrel and benchmark Oil climbed 2.8% to $84.04 per barrel Monday as renewed conflict involving Iran pushed commodity prices higher.
- Gas prices first exceeded the $4 threshold in March before dipping in mid-June, and compared to last year's average of $3.14, current levels reflect significant volatility.
- Prices vary significantly by region due to local tax rates and supply proximity, meaning people in some areas have been paying well over $4 a gallon.
- President Donald Trump previously voiced frustration that fuel costs were not falling as rapidly as Oil prices, while people globally continue dealing with high costs from the war.
254 Articles
254 Articles
US gas prices top USD 4 again as Iran conflict squeezes oil supplies
US petrol prices have climbed above USD 4 a gallon again after renewed fighting between Washington and Iran disrupted oil flows. The increase is reviving pressure on motorists and could become a sharper political issue before the midterm elections.
abc 7 Chicago
Gas prices top $4 a gallon as Iran war escalates
After declining for weeks, gas prices are rising again.
Gas prices top $4 a gallon as Iran war escalates - Regional Media News
(NEW YORK) - Gas prices in the United States topped $4 per gallon on average Monday as an escalation of the Iran war renewed fears of a global oil shortage. Prices at the pump have jumped 13 cents per gallon, or 3%, over the past week, AAA data showed, with the average price per gallon now at $4.003. The recent cost rise brings gasoline prices back to a level achieved soon after the Iran war began in late February. The Middle East conflict promp…
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