US EditionHow Will Attacks on Iran Affect Gas Prices? GasBuddy Weighs In
UNITED STATES, JUN 20 – National gasoline prices rose nearly 10 cents and diesel surged 16 cents last week amid Middle East tensions disrupting oil supply and markets, experts said.
- Israel and Iran exchanged missile, drone, and air strikes since June 13, escalating conflict in the Middle East and impacting global oil markets.
- The conflict followed Israel's preemptive strike aiming to dismantle Iran's nuclear program, heightening concerns over supply disruptions.
- Oil prices rose from about $60 to $75 per barrel since late May, driving national average gasoline and diesel prices up significantly.
- The national average cost of gasoline increased by 9.7 cents, reaching $3.18 per gallon, while diesel prices surged by 16.1 cents to $3.65 per gallon, marking the biggest weekly rise since August 2023.
- Analysts caution prices could keep rising due to unstable conditions but dismiss exaggerated spike rumors, advising motorists to expect steady increases.
42 Articles
42 Articles
The Record
The SaratogianGas prices rise 10 cents in Capital Region
CAPITAL REGION, N.Y. — Average gasoline prices in the area rose 10.1 cents per gallon in the last week, averaging $3.16 a gallon, according to GasBuddy’s survey of 546 stations in Albany. Prices in the region are 7.8 cents per gallon higher than a month ago and stand 36.4 cents per gallon lower than a year ago. The national average price of diesel has increased 16.1 cents in the last week and stands at $3.649 per gallon. According to GasBuddy pr…
Gas prices predicted to rise across Kansas City metro amid Iran-Israel conflict
KANSAS CITY, Mo. — Gas prices in parts of the Kansas City metro are already flirting with $3 a gallon, and they are expected to rise even more in the coming days. With the recent conflicts in the Middle East during the past few weeks, Iran – the fourth-largest oil producer in OPEC – is threatening to shut off production, potentially disrupting oil prices and delivery times to different regions around the world. Northeast Kansas City apartme…
How will attacks on Iran affect gas prices? GasBuddy weighs in
(GasBuddy) For the second straight week, the nation’s average price of gasoline has increased, rising 9.7 cents compared to a week ago and stands at $3.18 per gallon, according to GasBuddy® data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average is unchanged from a month ago and is 23.3 cents per gallon lower than a year ago. The national average price of diesel…
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