US EditionAverage Cost per Gallon of Gas Nears $4 in the US; More States Averaging $5 per Gallon
U.S. gasoline prices reached a national average of $3.84 per gallon due to Middle East conflict disrupting 20% of global oil supply passing through the Strait of Hormuz.
- Yesterday, AAA reported the national retail average for regular gasoline was $3.84, nearing $4, and the national average for diesel rose from $5.04 on Tuesday to $5.07.
- The Middle East conflict has disrupted vital global oil infrastructure and trade routes; the Strait of Hormuz has been effectively closed, AAA reported.
- AAA data show gasoline is up more than five cents from Tuesday's $3.79 average and nearly 90 cents since one month ago when it averaged $2.917, with the lowest price in Kansas at $3.21 on Wednesday.
- The U.S. announced plans to release more than 170 million barrels from strategic reserves over four months as part of an IEA plan to release 400 million barrels, aiming to blunt the spike.
- Market moves included the Strait of Hormuz, which carries roughly 20% of all oil, with crude oil surpassing $100 per barrel in recent weeks and the U.S. benchmark dipping to about $93 on Monday.
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U.S. gas prices surge 30% since start of Middle East war | Honolulu Star-Advertiser
NEW YORK >> U.S. gasoline pump prices have jumped more than 30% this month, moving toward $4 a gallon despite efforts by President Donald Trump to curb price increases and contain supply disruptions stemming from the Middle East war.
US Gas Prices Jump 30% Since Middle East War Began
U.S. gasoline pump prices have jumped more than 30% this month, moving toward $4 a gallon despite efforts by President Donald Trump to curb price increases and contain supply disruptions stemming from the Middle East war. U.S. national average retail gasoline prices have climbed about 90 cents a gallon, or more than 30%, since the U.S. and Israel attacked Iran at the end of February. The average pump price on Thursday was $3.88 a gallon, accordi…
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Spring Break, Middle East Conflict Keep Gas Prices Rising Locally
Gas prices across western Kentucky jumped again this week, according to the latest report from AAA East Central. The regional average is now $3.35 per gallon, up 26 cents from last week’s $3.09 and well above $2.58 this time last year. A Middle Eastern conflict, combined with Spring Break’s arrival, have driven up prices, and locally, drivers are seeing similar increases across the Pennyrile counties, whose averages include: Trigg County: about …
By David Goldman, CNN - The price of a gallon (3.78 liters) of regular gasoline rose another 5 cents on average in the United States on Wednesday, reaching $3.84, the highest price since September 25, 2023. The average price of gasoline is now $4 or more in seven states and has surpassed $5 per gallon in California, Hawaii, and Washington. The national average price has increased by 86 cents in just 18 days—a 29% jump—making it one of the fastes…
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