USA31 March, 20261 min read
US Gas Prices Top $4 as Iran War Shuts Hormuz and Chokes Supply
U.S. average gasoline price topped $4 per gallon for first time since 2022. AAA reports national average around $4.02 per gallon.
Fuel Prices Soar
U.S. gas prices surged past a national average of $4 a gallon for the first time since 2022. AAA reported the average price of regular gasoline at $4.02, over a dollar more than before the war began. The rise was driven by the effective closure of the Strait of Hormuz.
Florida Hits $4.12
Florida gas prices jumped 17 cents overnight to a statewide average of $4.12 per gallon. The national average rose 2.8 cents. Diesel prices also rose, up 11.8 cents overnight to $5.73 per gallon in Florida.
Trump Blames Allies
Trump criticized European allies for not getting more involved in the war. He demanded they just TAKE IT in reference to the Strait of Hormuz. A water desalination plant on Qeshm Island was taken out of service in an airstrike.
Economic Pain Deepens
Higher gas prices were adding to cost of living strains.
The U.S. Postal Service announced an 8% fuel surcharge.
Moody's warned the economic impact could be greater than 2022.