The average price of gasoline in the US exceeded $3.75 per gallon (about 3.78 l) for the first time since October 2023, according to data from the pricing platform “Gasbuddy“ (Gasbuddy), Reuters reported, BTA reported.
The average retail price of gasoline in the United States has risen by about 84 cents per gallon since the United States and Israel attacked Iran on February 28 - to $3.83 per gallon, according to data from „Gasbuddy“.
Since the end of February, U.S. gasoline prices have jumped by more than 27 percent, the Energy Information Administration (EIA) said yesterday.
Global fuel markets continue to face supply disruptions caused by the war in the Middle East.
The war in the Middle East has disrupted supplies from the Persian Gulf - one of the world's largest oil-producing regions - as Iranian attacks on ships in the Strait of Hormuz have almost completely disrupted shipping through the key sea route for energy exports from the region.
The United States is relatively well-stocked with fuel, with stored quantities amounting to about 28.5 days of consumption as of the end of last week. American fuel inventories are at their highest levels for this time of year since 2021.
However, gas station prices have followed the rise in crude oil. It is the most significant component in retail fuel pricing, according to Reuters.
Against this backdrop, crude oil prices have held around the $100 per barrel mark in recent days.