All posts tagged: gallon

Gas prices went up more than 30 cents a gallon last week. How high could they go? : NPR

Gas prices went up more than 30 cents a gallon last week. How high could they go? : NPR

Gasoline prices are displayed at a Mobil gas station on April 29 in Portland, Ore. Jenny Kane/AP hide caption toggle caption Jenny Kane/AP Gas prices in the U.S. have gone up more than 30 cents a gallon in the last week and are slated to continue rising as the Strait of Hormuz remains closed amid the Iran war. The cost for regular gas as of Sunday is an average $4.446 — a week ago it was $4.099, according to AAA’s fuel site. U.S. gas prices were an average $2.98 on Feb. 26 — two days before the war in Iran began — and a year ago, the average price of gas was $3.171, according to data from AAA. Gas prices in the U.S. are the highest they have been since late July 2022, said the automotive group. President Trump has promised that when the war in Iran ends, that gas prices will “drop like a rock.” It is unclear when the war will end, but even when it does and the Strait of Hormuz is …

Californians Now Paying 6 Bucks a Gallon for Kicks on Route 66

Californians Now Paying 6 Bucks a Gallon for Kicks on Route 66

By Daniel Trotta, Georgina McCartney and Shariq Khan CARLSBAD, California, April 30 (Reuters) – Motorists commemorating the centennial of U.S. Route 66 – a celebrated ⁠symbol of ⁠carefree road trips – were paying $6 a gallon for gasoline in California on ⁠Thursday, the highest price in two years and a brewing political flashpoint as elections loom. The Iran war has brought the worst-ever disruption to global oil supplies, driving up ​gasoline prices worldwide and posing particular hardships for California, the most populous U.S. state with the most cars on the road. The Golden State also has some of the highest gasoline prices in the country because of stringent emissions standards, high taxes and its reliance on ‌imported petroleum. With California’s gubernatorial primary barely one month away, candidates sparred at ‌a debate this week over whether to eliminate the state’s $0.61-per-gallon gas tax, the highest in the nation. At the national level, high gas prices look certain to become a major political issue ahead of congressional midterm elections in November, when President Donald Trump’s Republicans will …

Gas prices hit .23 per gallon, a new high for the year

Gas prices hit $4.23 per gallon, a new high for the year

U.S. gas prices have hit a fresh record since the start of the war with Iran, rising to an average nationwide of $4.23 per gallon Wednesday, according to AAA. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The milestone comes as oil prices have surged higher over the past week amid a dual blockade by the United States and Iran of the Strait of Hormuz, the key chokepoint in the region for transiting crude and petroleum-based products out of the Persian Gulf. The price of Brent crude, the international benchmark that influences the price of U.S. gasoline prices, stands at $114.60, up nearly 25% from the recent low seen April 17 and just a few dollars away from the recent high of $118. A day earlier, AAA recorded the biggest single-day increase in more than a month, with prices rising $0.07. Gasoline prices have climbed $1.25 a gallon, or more than 40%, ​since prior to the war’s start in late February. The surge in oil prices has compounded …

Gas crosses  a gallon in the U.S. for the first time in 3 years : NPR

Gas crosses $4 a gallon in the U.S. for the first time in 3 years : NPR

A man pumps gas at a Shell station in Houston, Texas, on March 16. The war with Iran has driven up gas prices at a time when affordability is high on people’s minds. Ronaldo Schemidt/AFP via Getty Images hide caption toggle caption Ronaldo Schemidt/AFP via Getty Images The price for a gallon of gas rose above $4 on Tuesday. That number crosses a psychological line for many Americans and reflects the ongoing cost of the war with Iran. Drivers are paying about a dollar more per gallon compared with the end of February, when the U.S. and Israel first launched their offensive against Iran and the price of crude oil spiked. Since then, oil markets have been on a roller coaster, rising up and down alongside pessimism and optimism for a quick end to the war. Oil markets have recently reflected concern that the Strait of Hormuz, the single most important waterway for the global oil trade, was far from reopening. Overnight, Iran attacked and set on fire a massive Kuwaiti oil tanker off Dubai. …

Gas Prices Top  a Gallon as Iran War Sends Price of Oil Soaring

Gas Prices Top $4 a Gallon as Iran War Sends Price of Oil Soaring

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