Gas Prices Rise 30 Cents in Past Week
AAA said the national average reached $4.46 a gallon as conflict in the Strait of Hormuz and refinery outages tightened supply.
- According to the American Automobile Association, the national average for regular gasoline hit $4.46 a gallon on Monday, rising 35 cents over the past week as the ongoing war with Iran chokes global oil supplies.
- Despite President Donald Trump's announcement that the United States will guide ships through the Strait of Hormuz, the waterway remains effectively closed after nearly nine weeks, fueling supply constraints.
- Spikes of at least 49 cents hit Indiana, Ohio, Michigan, and Illinois, while Philadelphia prices jumped to $4.58 a gallon on Tuesday, forcing businesses like AGP Limo to absorb rising operational costs.
- Families are altering travel plans, with Anthony Fullard of Germantown noting the impact on his family outings, while Clemson University professor of economics Matthew Lewis advises motorists to "do your best to cut back on driving if you can."
- On Monday, Fuel Insights analyst Patrick De Haan wrote that while localized relief may emerge, broader price volatility is likely to persist as the breakdown in negotiations with Iran continues driving risk premiums higher.
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37 Articles
The Toronto Star
After brief respite, gasoline prices continue their steady climb
NEW YORK (AP) — The price of a gallon of regular gasoline climbed 31 cents in the past week, spiking to an average of $4.48 per gallon Tuesday, according to
Gas prices jump about 30-cents a gallon over the past week in Philly area
Gas prices are up across the country and they show no sign of tumbling as there is no end in sight to the ongoing war with Iran. According to the American Automobile Association, overnight, gas prices in the Philadelphia region jumped to $4.58 a gallon on Tuesday, up 8-cents from the day before, while the cost of gas, overall increased by about 30-cents a gallon since last week. But, Philadelphia isn’t alone in seeing these increases. According …
Gas prices rise 30 cents in past week
Domestic gas prices have increased by more than 30 cents in the past week, as the U.S. military began efforts Monday to escort commercial vessels through the Strait of Hormuz. The national average price of a gallon of regular gas is more than $4.45 as of Monday, according to AAA. That is more than 34…
Livingston County News
The Daily NewsMay brings much higher prices at the pump
Gas prices rose sharply with the arrival of May. The national average price for a gallon of gasoline up $4.46, up 35 cents from last Monday. The New York State Average is also $4.46, up 27 cents from last Monday,…
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