Gasoline prices in the US continue to rise and stand at $4.10 per gallon
The average price of gasoline in the United States maintained its upward trend this Saturday, reaching $4.10 per gallon (3.78 liters), a level not seen since 2022. According to data from the American Automobile Association (AAA), the national average stood at $4.104, representing over 37% growth since the United States and Israel initiated the war against Iran on February 28th.
TL;DR
- Average US gasoline price reached $4.10 per gallon, highest since 2022.
- Prices have increased over 37% since the US and Israel began hostilities against Iran.
- The conflict in the Middle East, particularly the closure of the Strait of Hormuz, is driving up fuel costs.
- California has the highest gas prices at $5.90 per gallon, followed by Hawaii and Washington state.
- Central US states have the lowest prices, some below $3.50 per gallon.
- Gasoline prices surpassed $4 per gallon for the first time since the invasion of Ukraine.
- Texas Intermediate oil (WTI) closed above $100 per barrel, with May futures reaching $111.54.
- President Trump issued a 48-hour ultimatum to Iran regarding the Strait of Hormuz.