U.S. Gas Prices, Up 11% in a Week, Pile Pressure on Trump
The New York Times • • general
Key Points:
- Gasoline prices in the U.S. rose by seven cents to an average of $3.32 per gallon on Friday, marking the highest level since September 2024 amid the ongoing conflict involving the U.S. and Israel against Iran.
- Over the past week, gas prices have increased by 34 cents (about 11%), reversing the downward trend touted by President Trump during his second term and now exceeding prices at the term's start.
- The spike in energy prices is linked to disruptions in oil and gas shipments from the Persian Gulf due to the conflict and Iranian threats to tankers navigating the region's critical waterways.
- Domestic crude oil futures surged over 20% since the conflict began on February 28, leading to
