US EditionGas prices spike amidst conflict in Middle East
National average gas price rose nearly 27 cents in one week, the fastest increase in 20 years, driven by Middle East conflict and shipping disruptions, AAA said.
6 Articles
6 Articles
Trump's war on Iran hasn't altered Canada's cost of making gas — at all. So why are we being hosed at the pumps?
Policy choices, not market forces of a war halfway around the world, explain the spike in prices, writes Jim Stanford, leading to unnecessary economy-wide inflation and higher interest rates.
Gas prices spike across Inland Northwest amid Middle East conflict
SPOKANE, Wash. — Gas prices across the Inland Northwest surged this week as violence in the Middle East disrupted global oil markets. Gas in Spokane climbed above $4 per gallon today, up 17 cents from last week. Coeur d'Alene prices jumped 22 cents per gallon. The national average increased 27 cents in the past week
The recent escalation of the conflict in the Middle East, especially following the confrontations between the United States and Israel against Iran, has generated global concerns about the prices of energy such as natural gas, including Mexico. Although our country does not buy gas directly from that region, its dependence from the United States puts it in a vulnerable situation, especially if the conflict leads to the blockade of the Strait of …
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