#US #GasPrices Hit Highest Level Since Beginning of #War in #Iran
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#US #GasPrices Hit Highest Level Since Beginning of #War in #Iran
The jump on Tuesday of 1.6% was the highest percentage increase in more than a month.
#TrumpsWar #IranWar #US #Iran #Israel #war #ForeverWars #Trump #Netanyahu #WarCrimes #RegimeChange #RulesOfWar #law #Congress #WarPowers #geopolitics #NationalSecurity #MiddleEast #inflation #economy #affordability #CostOfLiving #oil #energy #EnergyCrisis
https://www.nytimes.com/2026/04/28/business/oil-gas-stocks-iran-war.html?smid=nytcore-ios-share -
#US #GasPrices Hit Highest Level Since Beginning of #War in #Iran
The jump on Tuesday of 1.6% was the highest percentage increase in more than a month.
#TrumpsWar #IranWar #US #Iran #Israel #war #ForeverWars #Trump #Netanyahu #WarCrimes #RegimeChange #RulesOfWar #law #Congress #WarPowers #geopolitics #NationalSecurity #MiddleEast #inflation #economy #affordability #CostOfLiving #oil #energy #EnergyCrisis
https://www.nytimes.com/2026/04/28/business/oil-gas-stocks-iran-war.html?smid=nytcore-ios-share#Gasoline prices in the #UnitedStates rose Tuesday to their highest level in 4 years as peace talks between the #US & #Iran appeared at an impasse.
The AVERAGE cost for a gallon of regular gasoline is $4.18, acc/to the AAA motor club. The price at the pump has not been that high since April 2022, shortly after #Russia invaded #Ukraine. Tuesday’s jump of 1.6% was the highest percentage increase in more than a month.
#IranWar #Trump #law #NationalSecurity #inflation #economy #oil #EnergyCrisis
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#Gasoline prices in the #UnitedStates rose Tuesday to their highest level in 4 years as peace talks between the #US & #Iran appeared at an impasse.
The AVERAGE cost for a gallon of regular gasoline is $4.18, acc/to the AAA motor club. The price at the pump has not been that high since April 2022, shortly after #Russia invaded #Ukraine. Tuesday’s jump of 1.6% was the highest percentage increase in more than a month.
#IranWar #Trump #law #NationalSecurity #inflation #economy #oil #EnergyCrisis
#Oil prices continued to climb on Tuesday, with negotiators deadlocked over proposals to reopen the #StraitOfHormuz to tanker traffic & restrict Iran’s nuclear program.
The price of crude oil has risen steadily over the past week, as talks have stalled during an uneasy #ceasefire. Brent #crude, the international benchmark, has posted gains in 6 of the past 7 trading sessions & remains more than 40% higher than it was before the first #US - #Israel strikes on #Iran in late February.
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#Gasoline prices in the #UnitedStates rose Tuesday to their highest level in 4 years as peace talks between the #US & #Iran appeared at an impasse.
The AVERAGE cost for a gallon of regular gasoline is $4.18, acc/to the AAA motor club. The price at the pump has not been that high since April 2022, shortly after #Russia invaded #Ukraine. Tuesday’s jump of 1.6% was the highest percentage increase in more than a month.
#IranWar #Trump #law #NationalSecurity #inflation #economy #oil #EnergyCrisis
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#Oil prices continued to climb on Tuesday, with negotiators deadlocked over proposals to reopen the #StraitOfHormuz to tanker traffic & restrict Iran’s nuclear program.
The price of crude oil has risen steadily over the past week, as talks have stalled during an uneasy #ceasefire. Brent #crude, the international benchmark, has posted gains in 6 of the past 7 trading sessions & remains more than 40% higher than it was before the first #US - #Israel strikes on #Iran in late February.
The price of #BrentCrude, the global benchmark for #oil, jumped 4%, to above $105 a barrel for July delivery, but slipped to $104 a barrel after the #UAE said it would leave the #OPEC oil cartel next month. Brent’s price has risen about $10 per barrel over the past week. The price for oil deliverable in June rose above $110 per barrel for the first time this month.
West Texas Intermediate [#WTI] #crude, the #US benchmark, rose 5%, to around $101 a barrel, for June delivery.
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#Gasoline prices in the #UnitedStates rose Tuesday to their highest level in 4 years as peace talks between the #US & #Iran appeared at an impasse.
The AVERAGE cost for a gallon of regular gasoline is $4.18, acc/to the AAA motor club. The price at the pump has not been that high since April 2022, shortly after #Russia invaded #Ukraine. Tuesday’s jump of 1.6% was the highest percentage increase in more than a month.
#IranWar #Trump #law #NationalSecurity #inflation #economy #oil #EnergyCrisis
@Nonilex
I don't understand it.US is one of the biggest oil export countries.
They are selling oil like never before and there should be absolutely no impact in the access to oil in the country.
Why on earth have prices gone up so much?
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The price of #BrentCrude, the global benchmark for #oil, jumped 4%, to above $105 a barrel for July delivery, but slipped to $104 a barrel after the #UAE said it would leave the #OPEC oil cartel next month. Brent’s price has risen about $10 per barrel over the past week. The price for oil deliverable in June rose above $110 per barrel for the first time this month.
West Texas Intermediate [#WTI] #crude, the #US benchmark, rose 5%, to around $101 a barrel, for June delivery.
@Nonilex We are at $111 and change as of post, and climbing.
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#Oil prices continued to climb on Tuesday, with negotiators deadlocked over proposals to reopen the #StraitOfHormuz to tanker traffic & restrict Iran’s nuclear program.
The price of crude oil has risen steadily over the past week, as talks have stalled during an uneasy #ceasefire. Brent #crude, the international benchmark, has posted gains in 6 of the past 7 trading sessions & remains more than 40% higher than it was before the first #US - #Israel strikes on #Iran in late February.
@Nonilex
Rooting.for $50/gallon
no more CRUD oil
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@Nonilex
I don't understand it.US is one of the biggest oil export countries.
They are selling oil like never before and there should be absolutely no impact in the access to oil in the country.
Why on earth have prices gone up so much?
@faab64
We export more LNG than crude.
We produce the wrong kind of crude to make gasoline. We trade it for refined gasoline.
All the crude used to make gasoline comes through the strait. -
@faab64
We export more LNG than crude.
We produce the wrong kind of crude to make gasoline. We trade it for refined gasoline.
All the crude used to make gasoline comes through the strait.@starlily
I'm not sure where you get that from. But IEA data says:- EIA data shows US imports 0.5 million barrels of crude oil per day via Strait of Hormuz: 7% of crude imports
That's not big enough number to justify such a huge jump in gas prices at the pump.
But it's the US, free market economy, anything to push for a higher price I guess
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