AAA national average for regular gas surges past $4.50 mark
Fox Business • • business
Key Points:
- The national average price for regular gasoline surpassed $4.50 per gallon on Wednesday, reaching $4.536, driven by ongoing U.S.-Iran tensions affecting fuel costs.
- California reported the highest state average at $6.16 per gallon, while states like Oklahoma, Mississippi, and Louisiana remained below $4.00.
- Several states, including Alaska, Nevada, Oregon, Hawaii, and Washington, had averages exceeding $5 per gallon.
- The U.S. has maintained a blockade against Iran for over three weeks, contributing to supply disruptions and higher gas prices.
- President Donald Trump announced a temporary pause of "Project Freedom," related to ship movements through the Strait of Hormuz, as negotiations with Iran continue toward a potential agreement.
