Ahora rentando apartamentos de 2 habitaciones • Excelente ubicación • Vida asequible
It is becoming a race to see if gas prices, which have jumped up daily since the war with Iran began, will hit $4 before the Iran war turns one month old.
WASHINGTON — Gas prices climbed again Monday, with the national average moving just under 5 cents from the $4 mark as global oil disruptions caused by the closure of the Strait of Hormuz persist.
The national retail average for a gallon of regular gasoline was $3.96 Monday, up from $3.94 Sunday, according to AAA. That’s just over a dollar higher than one month ago, when a gallon averaged $2.934.
It is becoming a race to see if gas prices, which have jumped up daily since the war with Iran began, will hit $4 before March 28, which will mark the four-week mark of the war.
Prices remain elevated nationwide, with every state now averaging at least $3.25 per gallon. Some areas are seeing significantly higher costs, with the highest state average reaching prices of nearly $6 per gallon. California, which has the nation’s highest cost on average for a gallon of gas, has prices averaging around $5.79 per gallon.
The national average for diesel also increased, rising to $5.29 per gallon Sunday. That’s up from $5.25 the previous day and well above the $3.71 average one month ago, AAA data shows.
The highest recorded national average price for regular gasoline remains $5.016, set on June 14, 2022. Diesel prices peaked at $5.816 per gallon on June 19, 2022, according to AAA.
Why are gas and diesel prices rising?
Gasoline, diesel and jet fuel are all derived from crude oil. When the price per barrel of crude oil fluctuates, it has a direct impact on consumers. Higher prices for crude oil typically mean higher prices at the pump.
The conflict in the Middle East has disrupted key global oil infrastructure and trade routes. The Strait of Hormuz — a narrow waterway between Iran and Oman through which roughly one-fifth of the world’s oil passes — has been effectively closed following attacks on commercial vessels and threats against tankers.
Crude oil has surpassed $100 per barrel several times in recent weeks, driving higher fuel costs. Rising diesel and jet fuel prices are also expected to increase transportation and air travel costs, potentially pushing up prices for goods across supply chains.
To help stabilize markets, the United States has announced plans to release more than 170 million barrels of oil from strategic reserves over four months as part of a broader International Energy Agency effort.
Seasonal demand is also contributing to the increase, as warmer weather and spring break travel typically lead to higher gasoline consumption, according to AAA
💌 Mantente al Día con lo Último del Entretenimiento Latino
Recibe noticias exclusivas de celebridades latinas, chismes virales, belleza, moda y entretenimiento — directo en tu correo.
Sin spam. Solo lo mejor de Atlanta Latinos Magazine.
