US gas prices jump another 9 cents to $4.39 a gallon
By Chris Isidore
After a brief respite, US gas prices are officially surging again.
Prices at the pump jumped another 9 cents to $4.39 for a gallon of regular. It marked the biggest one-day jump in prices in the last six weeks.
US gas prices are now at their highest level since July 2022, according to the data from AAA.
Gas prices are up 33 cents, or 9%, in the last week — and they’ve gained 47% since the start of war in Iran.
Oil futures suggest higher prices lay ahead. Brent crude, the international benchmark, is up another 1%, just under $112 a barrel.
Gas prices fell for two weeks after the start of the ceasefire, taking the average down to $4.02 by April 22. But concerns over failure of peace talks to reach an agreement to end the war and reopen the Strait of Hormuz have sent prices shooting higher once again.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.