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Gas Prices Continue to Rise in Southwest, U.S. During Conflict
Natrona County's gas price rose 89 cents in two weeks, driven by crude oil disruptions through the Strait of Hormuz amid a prolonged Middle East conflict.
- On Monday, Natrona County's average gas price jumped 44 cents to $3.40 and rose 89 cents over two weeks.
- The Middle East conflict has entered its third week, with Iran reportedly planting mine bombs in the Strait of Hormuz, restricting about 20 million barrels daily.
- Market data show Brent crude and WTI crude amid falling gasoline inventories by 3.8 million barrels and refinery utilization rising to 90.8%.
- Policy moves followed, as the U.S. Department of Energy announced a 172 million-barrel SPR release that helped push U.S. stockpiles to their lowest since 1980, while the national gas average rose 19 cents to $3.49 per gallon last week.
- Economists say higher prices may persist beyond the conflict, pushing up fertilizer and food costs, while some drivers may consider electric vehicles despite skepticism about rapid adoption.
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Gas prices continue to rise in Southwest, U.S. during conflict
(The Center Square) - Gas prices continued to rise across the nation as the U.S.-Israel conflict with Iran went on past its second week.
·Cherokee County, United States
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Laramie County gas prices continue to jump amid Middle East conflict, seasonal changes
CASPER, Wyo. — With global oil flows through the Strait of Hormuz still throttled and the U.S. targeting Iranian oil infrastructure over the weekend, the U.S. and Laramie County drivers are facing some of the highest fuel costs in years. Laramie County’s average has climbed alongside the national average, which has risen 23.2 cents over the last week to $3.68 per gallon, according to GasBuddy data, fueled by crude oil prices that remain up more …
Coverage Details
Total News Sources39
Leaning Left3Leaning Right10Center9Last UpdatedBias Distribution45% Right
Bias Distribution
- 45% of the sources lean Right
45% Right
14%
C 41%
R 45%
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