Congressional Report Says Virginians Have Paid $1.8 Billion More for Gas Since Iran War Started
GasBuddy said supply disruptions from the Iran war and Russian refinery attacks are pushing prices higher, with the national average at $4 a gallon.
- On Monday, the national average for a gallon of regular gasoline reached $4 as continued strikes in the Iran war disrupt global oil supplies near the Strait of Hormuz.
- With WTI crude approaching $85 per barrel in Sunday night trading, GasBuddy petroleum analysis head Patrick De Haan warned that market volatility from the conflict will drive further price increases.
- Virginia households have paid $573 more for fuel since February, and commuter Doug Urlich noted, "I know it affects a lot of people," as many residents travel 30 to 40 miles for work.
- U.S. Sens. Tim Kaine and Mark Warner claimed on July 14 that the war of choice drives higher costs, while Virginia Republicans unsuccessfully proposed a three-month gas tax holiday.
- Energy analysts cautioned that supply chains could take months to recover even if fighting subsides, though the White House expects prices to decline if shipping through the Strait of Hormuz normalizes.
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Daily News-Record
Congressional report says Virginians have paid $1.8 billion more for gas since Iran war started
Virginia households have paid $573 more for gas since the U.S.–Iran war began in late February, a recent congressional report found, placing them among the citizens who have experienced the highest fuel costs jump in the nation.
Headlines from across the state: Congressional report says Virginians have paid $1.8 billion more for gas since Iran war started; more …
Here are some of the top headlines from other news outlets around Virginia. Some content may be behind a metered paywall: Politics: Congressional report says Virginians have paid $1.8 billion more for gas since Iran war started. — Virginia Mercury. Virginia finds ally in defense of new state law limiting ICE’s work with local police. — WVTF/RadioIQ. Economy: Drugmaker Eli Lilly buys 227 acres in Goochland for pharmaceutical plant. — Richmond Tim…
According to economist Jörg Krämer, the continued escalation in the Iran war is driving the oil price up again significantly. In a conversation with Dietmar Deffner, he explains how the ECB could react to the oil price surge.
DEJA VU: Gas Prices Spike Again As Husted Voted 11 Times To Continue The War in Iran - Ohio Democrats
ASSOCIATED PRESS: US gas prices hit an average of $4 a gallon again as the US and Iran launch attacks Prices have skyrocketed in Cleveland, Columbus, and Toledo COLUMBUS, OHIO — Gas prices have spiked again in Ohio due to the endless war in Iran that has claimed the lives of three more U.S. service members since Friday. Yet Jon Husted continues to support the reckless war that has put further strain on families already struggling to afford groce…
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