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The jump in fuel costs comes after the president falsely boasted about them during his State of the Union address.
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The president’s comments come as the prices of both crude oil and gasoline surge amid the war with Iran.
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Brace yourself for higher prices in these categories.
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Gas prices have shot up 33% in four weeks, taking a bite out of workers’ budgets and stoking inflation fears.
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President Donald Trump campaigned on bringing down prices, but they’re surging at gas pumps thanks to his war in Iran.
Within just a few weeks, Americans have seen gasoline prices jump by double-digit percentages because of rising global oil prices. The jump has been caused by the war that has spread across the Middle East and effectively closed the Strait of Hormuz, through which one-fifth of the world’s oil is shipped.
The U.S. average cost per gallon has climbed by nearly $1, and oil barrel prices have surpassed $100 — at one point topping $119 — from around $70 before the first strikes. It’s highly uncertain where prices will go from here, with tentative diplomatic negotiations beginning while the war enters its second month.
Here’s how prices are looking today, nationally and regionally, as categorized by the Energy Information Administration, and how they compare to before the war started.
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The president’s comments come as the prices of both crude oil and gasoline surge amid the war with Iran.
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Brace yourself for higher prices in these categories.
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Gas prices have shot up 33% in four weeks, taking a bite out of workers’ budgets and stoking inflation fears.
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Across the country, gas costs $1 more per gallon than it did less than a month ago.
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The jump in fuel costs comes after the president falsely boasted about them during his State of the Union address.
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The president’s comments come as the prices of both crude oil and gasoline surge amid the war with Iran.
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Brace yourself for higher prices in these categories.
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Gas prices have shot up 33% in four weeks, taking a bite out of workers’ budgets and stoking inflation fears.
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