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Gas prices continue rising after massive spike on Thursday, up another cent to end the week
AAA said the national average reached $4.081 a gallon as diesel prices stayed high and the Strait of Hormuz disruption lifted crude costs.
- On Friday, the national average for a gallon of gas reached $4.091, up a cent after a 14-cent jump the previous day, according to AAA.
- Iran's military effectively closed the Strait of Hormuz, through which roughly 20 percent of global oil passes, driving crude prices above $100 per barrel in recent weeks.
- Rising diesel and jet fuel prices are adding pressure to supply chains, while seasonal demand for expensive summer-blend fuel strains refineries managing volatile crude oil costs.
- The Trump administration is waiving Jones Act shipping requirements for 60 days and easing sanctions on Venezuela, joining the International Energy Agency's pledge to release 400 million barrels of oil.
- White House press secretary Karoline Leavitt stated, "When Operation Epic Fury is complete, gas prices will plummet back to the multi-year lows American drivers enjoyed before these short-term disruptions.
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13 Articles
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Total News Sources13
Leaning Left2Leaning Right0Center11Last UpdatedBias Distribution85% Center
Bias Distribution
- 85% of the sources are Center
85% Center
15%
C 85%
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