US EditionUS gas prices are the highest they've been since 2023
U.S. gasoline prices climbed to $3.72 per gallon as Iranian disruptions at the Strait of Hormuz cut global crude supply, prompting emergency oil releases.
- October 7, 2023, AAA found the U.S. national average was about $3.72, the highest since that date, as gas prices rose again Monday amid Strait of Hormuz disruptions.
- The Strait of Hormuz, which moves about a fifth of global oil, has been effectively closed after Iran attacked ships and threatened transit, disrupting supply.
- The U.S. will release 172 million barrels from the SPR this Friday, and the IEA release will run about 120 days, with over 415 million barrels in reserve.
- Monday, Brent crude fell 2% to $101.09 after earlier reaching as high as $106.50, reflecting volatile market swings following Middle East tensions.
- According to the federal rule of thumb, roughly a 2.
19 Articles
19 Articles
LA, OC Gas Prices Rise To Highest Amounts Since Oct 2023
The average price of a gallon of self-serve regular gasoline in Los Angeles County rose Tuesday to its highest amount since Oct. 19, 2023, increasing 1.5 cents to $5.633. The average price has risen 26 of the past 27 days, increasing $1.014, including 2.1 cents on Monday, according to figures from the AAA and Oil Price Information Service. It rose 10 consecutive days, was unchanged March 1 and resumed rising the following day. The average price …
Cincinnati gas prices soaring to $3.79 at many stations
With the continued attacks on Iran, Israel and other nearby countries, a spike in gas prices seemed inevitable.And as expected, Cincinnati area gas prices are on the rise again, to their highest level since the summer of 2024, according to YCharts, which analyzes government data.Pump prices at many Southwest Ohio gas stations are jumping from $3.49 to $3.79 a gallon.That's almost a 30-cent jump and brings local gas prices to their highest level …
Petroleum and Gasol prices remained high this afternoon (16), after the attacks on oil installations in the Middle East at the end of the week – and after the White House suggested that the war of the United States and Israel with Iran might last several weeks. Gas prices in the United States went up to $2.72 per gallon, reaching at least $3.72 per gallon, according to AAA. This is the highest price of common gasoline since 7 October 2023. Since…
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