The price of an average gallon of gas is $4.17, AAA data showed.
The price of an average gallon of gas is $4.17, AAA data showed.in the United States hit their highest level in four years on Tuesday as negotiations over the Iran war appeared to show little signs of a resolution.
The price of an average gallon of gas stands at $4.17, marking an increase of $1.19 per gallon since the war began on Feb. 28,The U.S.-Israeli war on Iran set off one of the largest global oil shocks in history, spiking fuel costs. Gasoline prices reached a previous high on April 9, but a U.S.-Iran ceasefire announced a day earlier ultimately put downward pressure on prices.
Gas prices have moved upward in recent days as oil prices rose in response to an apparent impasse in negotiations over the war. , a maritime trading route that facilitates the transport of about one-fifth of global oil supply. The U.S. is a net exporter of petroleum, meaning the country produces more oil than it consumes. But since oil prices are set on a global market, U.S. prices move in response to swings in worldwide supply and demand.
U.S. oil futures hovered around $99 a barrel on Tuesday, which amounted to a more than 50% price leap from pre-war levels. Crude oil is the main ingredient in auto fuel, accounting for more than half of the price paid at the pump, according to the federal
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
7 Tech Products You Should Never Pay Full Price ForAaron started his freelance career with Tech Times before moving to Digital Trends, where he works primarily as a commerce writer, covering daily deals on a wide range of products and why shoppers should take advantage of these offers.
Read more »
Celebrate the Draft Picks With Crocs’ NFL Collab — Now Featuring Double the Teams and Double the SpiritPrice upon publish date of this article: $79.99
Read more »
Ripple Vet Defends Controversial 2017 XRP Price TakeRipple CTO Emeritus David Schwartz is pushing back against accusations that he misled the community behind the token..
Read more »
Skylight’s 15-inch smart calendar is down to its lowest price to dateThe Skylight Calendar 2 is down to $269.99 ($30 off) through May 7th, which is the best price we’ve seen for the handy 15-inch smart calendar.
Read more »
PlayStation Officially Confirms Yet Another Price IncreaseThe playstation logo blue
Read more »
Shiba Inu SHIB Inflows Slowing, Price ConsolidatesRecent data shows a slowing pace of SHIB inflows to exchanges, despite remaining positive. While the price is consolidating in a narrow ascending channel, volume remains low and key moving averages indicate a continued pessimistic trend. Major holders are not making significant moves.
Read more »