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Aaa Data

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Gas Prices Jump 44% Since Iran War, With Midwest Hit Hardest
energy7 days ago

Gas Prices Jump 44% Since Iran War, With Midwest Hit Hardest

U.S. gas prices have surged about 44% above February 2026 pre-war baselines due to the Iran War, adding roughly $1.25 per gallon on average and about $560 in annual fuel costs per vehicle. The steepest percentage gains—well over 60%—occur in the Midwest and Mountain West (Iowa up 69.1%, Oklahoma 68.8%, etc.), while states with higher starting prices (California, Hawaii, Washington) rose less in percentage terms but remain the costliest per gallon. The rise followed a global oil-supply disruption from Hormuz closure, with roughly 10 million barrels per day off the market. The analysis uses AAA data and emphasizes the broader economy’s sensitivity to crude prices, plus reasons why some high-price states saw smaller percentage increases (taxes, climate policies, blending rules, shipping constraints).

Gas prices spike to four-year high as Iran talks stall
business4 months ago

Gas prices spike to four-year high as Iran talks stall

US national average gasoline prices rose to about $4.18 per gallon, the highest since 2022, as negotiations with Iran stalled and fears of a prolonged global energy crisis grew amid the Iran-Israel conflict; AAA data shows prices up roughly $1.19 per gallon since late February, with Brent crude around the low $110s and expectations of sustained higher energy costs.

"Rapid Surge: California Gas Prices Set to Reach Record Highs"
economy2 years ago

"Rapid Surge: California Gas Prices Set to Reach Record Highs"

Gas prices in California are nearing $7 per gallon at some pumps, with the average cost at the pump in the state being $6.032, the highest in the nation. Refinery outages, including power outages caused by Hurricane Hilary and problems at Chevron refineries, along with scheduled maintenance at the PBF Torrance refinery, have contributed to the increase in prices. Meanwhile, the national average for a gallon of gas is $3.835, with Mississippi having the lowest state average at $3.255.