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According to motor club federation AAA, the national average for
a gallon of regular gasoline is now back to $4. The average
price a year ago was $3.14 a gallon.
The price is a national average, meaning drivers in some states
have been paying well over $4 a gallon for a while now, while
others pay less. Prices vary between states due to factors
ranging from nearby supply to differing tax rates.
People around the world are also dealing with high gas prices as
a result of the war.
Gas prices first went over $4 a gallon on average at the end of
March. They dipped below that in mid-June and continued to fall
as crude oil prices eased when the U.S. and Iran reached an
interim deal. Even then, President Donald Trump expressed
frustration that gas prices weren’t falling as quickly as oil
prices.
Oil prices have climbed again in recent days as the U.S. and
Iran move closer to resuming an all-out war.
Brent crude, the international standard, rose 3.2% to $90.95 per
barrel Monday and benchmark U.S. crude climbed 2.8% to $84.04
per barrel.
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