Oil spikes as U.S.-Iran tensions flare; California gas prices follow suit
Oil prices jumped more than 6% after renewed U.S.-Iran clashes and Trump’s remarks, signaling potential higher pump costs. California’s average gas price rose to about $5.38 per gallon (LA County around $5.40), up slightly from the day before and still below last month’s near-$6 level, but well above the $4.55 level a year ago when the conflict began. The market remains volatile as geopolitical tensions push energy costs and consumer prices.