U.S. Gasoline Prices Rise to $4 Per Gallon as Renewed Iran Fighting Pushes Oil Higher
The average price of U.S. gasoline hit $4 per gallon, crossing the benchmark for the first time in a week. The increase followed AAA data showing that renewed fighting in the Middle East drove fuel costs higher as energy markets tightened.
This marks the second time the national gasoline average has topped the $4 mark since the conflict in Iran began disrupting global oil supplies. The rebound ends a recent pullback in fuel costs and adds fresh pressure to consumer prices as the regional conflict continues.
From the sources (19 posts)
@kevrgordonDiesel gasoline prices are rising sharply again ... back above $5
@rory_johnstonYour week in crude, currently up ~$10/bbl over last Friday’s close.
@tomklozaIran War Box Score: Feb. 27 Today WTI $67.00 $81.40 Brent $72.50 $86.65 RBOB $2.280 $3.368 ULSD $2.600 $4.093 Retail Gas $2.980 $3.981 Dies
@tomklozaIran War Box Score in Percentage Gains (2/27--7/17): WTI + 21.5% Brent +19.5% RBOB +47.7% ULSD +57.4% Retail Gas +33.6% Diesel +34.2% Bottom Line: Wholesale products are up more than tw
@tomklozaWithout question, we are going to see a $4/gal or higher average for US gasoline prices this weekend. We've never seen a year where prices have slipped below this level and then recovered above $4/gal. But the real worry is diesel - - we ma
@kevrgordonBrent crude #oil +19.4% so far this month
@staunovoRT @TomKloza: Without question, we are going to see a $4/gal or higher average for US gasoline prices this weekend. We've never seen a year…
@gasbuddyguyGasBuddy data showing average U.S. gas prices up 16c/gal from a week ago to $3.98/gal, up 86c/gal from a year ago. average diesel prices up 23c/gal to $5.08/gal, $1.39/gal higher than a year ago.
@gasbuddyguylive GasBuddy data showing the national average price of gasoline holding just under the $4/gal mark as price cycling states that jumped early last week are now falling offset rising prices- but I expect Monday or Tuesday we'll hit $4- so i
@staunovoRT @GasBuddyGuy: GasBuddy data showing average U.S. gas prices up 16c/gal from a week ago to $3.98/gal, up 86c/gal from a year ago. average…
@staunovoRT @GasBuddyGuy: live GasBuddy data showing the national average price of gasoline holding just under the $4/gal mark as price cycling stat…
@gasbuddyguyGas prices had declined 8 straight weeks after surging to $4.57/gal- but that decline ended last week and tomorrow will see the 2nd straight week of increase- the average price of gasoline will soon again hit $4, while diesel has again rise
@deitaoneU.S. AVG RETAIL GASOLINE PRICE HITS $4 PER GALLON AGAIN ON RENEWED FIGHTING IN MIDDLE EAST - AAA
@businessPump prices climbed back over the $4-a-gallon mark in the US as fighting in the US-Iran war escalated, reigniting a broader energy crisis amid a global crunch for transportation fuels
@reutersUS pump prices cross $4 again on renewed fighting in the Middle East
@cnnThe average price for a gallon of gas hit $4, the second time it has reached that benchmark since the war in Iran disrupted global oil supplies
@axiosGas again tops $4 per gallon as Iran fighting persists
@stockmktnewzThe 🇺🇸 average price of gasoline has climbed back over $4 per gallon - AAA
@kobeissiletterBREAKING: The average US gas price officially rises back above $4.00 per gallon as the Iran War returns and the “Memorandum of Understanding” collapses.