Gas Hits $4.30 a Gallon as Iran Tensions Persist, Trump Sees Prices Falling After War

1 min read
Source: Al Jazeera
Gas Hits $4.30 a Gallon as Iran Tensions Persist, Trump Sees Prices Falling After War
Photo: Al Jazeera
TL;DR Summary

AAA reports the US average price for gasoline at $4.30 per gallon, up about 27 cents in a week amid Iran tensions and a Strait of Hormuz blockade. Prices are roughly $1.12 higher than a year ago as crude stays above $100/barrel, with California topping $6.00. President Trump says pump prices will drop once the war ends, even as the ceasefire hasn’t immediately reduced costs and Iran denies seeking a nuclear weapon.

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