US EditionMaryland Drivers React to Surging Gas Prices Amid War with Iran
U.S. average gas prices rose 27 cents in one week due to Iran conflict disrupting 20% of global oil shipments through the Strait of Hormuz, AAA reported.
- On Friday, AAA reported the U.S. national average for regular gasoline rose to $3.32, an 11.4% increase and the highest retail price of President Trump's second term, while Brent crude climbed to $91 a barrel.
- After Thursday, Iran's attacks and threats have effectively closed the Strait of Hormuz, which handles about 20% of global oil, and QatarEnergy halted 19% of LNG supply.
- Many drivers on social media reported local pump price increases of 40 to 50 cents this week, and Patrick DeHaan, GasBuddy analyst, warned `That uncertainty is what's driving oil prices up`.
- Joachim Klement of Panmure Liberum warned `Europe, unfortunately, is even more vulnerable to this energy shock than the U.S`, as the Chemicals benchmark fell 6.3% and Industrials lost 4.7%.
- BloombergNEF projects much of the pump-price increase will appear within 10 to 13 days and nearly all within 21 days, while analysts warn higher fuel costs will strain American household budgets and raise shipping and retail prices.
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Gas prices jump again as oil tops $90 for first time in years | Honolulu Star-Advertiser
Gasoline prices in the United States jumped again today, the latest in a series of increases that have pushed up the price of a gallon by 34 cents, or about 11%, since the start of the war led by the United States and Israel against Iran.
Gas Prices Hit Highest Level of Trump’s Two Terms Due to Iran War.
PULSE POINTSWHAT HAPPENED: Gas prices have surged to $3.32 per gallon, the highest since President Donald J. Trump’s return to office, following U.S.-led strikes on Iran.WHO WAS INVOLVED: President Trump, Treasury Secretary Scott Bessent, Interior Secretary Doug Burgum, and analysts like Torbjorn Soltvedt and Matt Wright.WHEN & WHERE: Strikes began Saturday in Iran, with immediate impacts on global oil markets and U.S. gas stations.KEY QUOTE: “I…
US gas prices climb to the highest point in Trump's second term. He says, 'If they rise, they rise.'
Gas prices have risen sharply since the military conflict between the US and Iran began.Joe Raedle/Getty ImagesThe average price for a gallon of regular gas in the US rose to $3.32 on Friday, according to AAA.That's an 11.4% rise — and the highest retail price of President Trump's second term.Brent crude prices, the global benchmark for oil, rose to $91 a barrel on Friday.Gas prices continued their ascent on Friday as the escalating conflict wit…
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