US gas prices surge past $4 amid Iran conflict
The average price of gasoline in the US has risen above $4 per gallon, marking the highest level in nearly four years. The American Automobile Association attributes the spike to the ongoing war involving Iran, which has led to concerns about global oil supply. This development poses additional challenges for President Donald Trump, who recently ordered strikes on Iran. The price increase is being felt across the country, with certain states seeing even higher rates.
What we know
- The American Automobile Association reported that the average US gasoline price is now $4.018 per gallon.
- California leads with the highest average price at $5.88 per gallon, followed by Hawaii and Washington.
- The last time US gas prices exceeded $4 was in August 2022, according to the US Energy Information Administration.
- The Iran conflict has resulted in the effective blockade of the Strait of Hormuz, impacting global oil movement.
- President Donald Trump warned of potential military action if a settlement with Iran is not reached.
