US pump prices surge as Iran war upends global energy supply - Reuters
US pump prices surge as Iran war upends global energy supply Reuters
Coverage by Political Leaning
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Notable Quotes
"if they rise, they rise"
— Mr Trump , Politician
"They jumped up so quickly."
— Andrenna McDaniel , Activist
"a little pain at the pump is worth Mr Trump’s efforts to protect America."
— Richard Soule , Other
"Gasoline prices have been following crude prices higher as the closure of the Strait of Hormuz impacts supplies."
— Andy Lipow , Executive
"We're going to probably see some increases right now."
— Phil Flynn , Executive
"I don't have any concern about it."
— Donald Trump , Politician
"It’s crazy. It’s not needed, especially at a time when people are already struggling, but not unexpected from all this turmoil that’s going on."
— Mark Doran , Other
"The more news we get, the more it seems like this is going to last a really long time."
— Al Salazar , Other
"We keep seeing news of vessels being hit or refineries or pipelines, so the list is very long."
— Claudio Galimberti , Other
"This stop-gap measure will alleviate pressure caused by Iran’s attempt to take global energy hostage."
— Scott Bessent , Executive
"I don't have any concern about it. They'll drop very rapidly when this is over, and if they rise, they rise, but this is far more important than having gasoline prices go up a little bit."
— Donald Trump , Politician
"deliberately short-term measure will not provide significant financial benefit to the Russian government as it only authorizes transactions involving oil already stranded at sea."
— Scott Bessent , Executive
"President Trump and his entire energy team have had a strong game plan to keep the energy market stable well before Operation Epic Fury began."
— Taylor Rogers , Other
"if they rise, they rise"
— Mr Trump , Politician
"They jumped up so quickly."
— Andrenna McDaniel , Activist
"When President Trump went in there and bombed out their nuclear, and they just thumbed their nose at it, I believe he did the right thing at the right time."
— Richard Soule , Other
Key People
Al Salazar is the head of macro oil and gas research at Enverus.
A healthcare insurance worker who expressed concern over rising fuel prices due to the conflict.
Andy Lipow is the president of Lipow Oil Associates, a consulting firm focused on the oil industry.
Claudio Galimberti is the chief economist at Rystad Energy.
Former president of the United States known for his aggressive economic policies.
Kenny Polcari is the Chief Market Strategist at SlateStone Wealth.
Mark Doran is a consumer who expressed concern over rising gas prices in Middlebury, Vermont.
Former President of the United States who promised to lower energy prices and boost domestic oil production.
Phil Flynn is a senior analyst with Price Futures Group.
A US Air Force veteran who supports former President Trump's policies.
Scott Bessent is the Treasury Secretary.
Taylor Rogers is a spokeswoman for the Trump administration.
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<a href="https://news.google.com/rss/articles/CBMirgFBVV95cUxOb0VyT1UzRU1KWjhDbTY4RXotMjVGb3N0VG03NEViR0htMGktb0FaZ0dWSGEycTVhQnpkeEo2MDd6OHNFYlRCb3l3S2ZjaUY2QXRFQ01weWJ5TmVpSU54Y0VvRjRzSEk2N2dnaDN0eUR0aUtxTndpc04wd29NUG9RQndCWklHY2U5YnBDOEw1VjhsSDdnTFliN3ZkaUVSUmNINmEwam1XVFRNUXROQ3c?oc=5" target="_blank">US pump prices surge as Iran war upends global energy supply</a> <font color="#6f6f6f">Reuters</font>
U.S. retail gasoline and diesel prices are soaring as the U.S.-Israel war with Iran constrains oil and fuel exports, leading to significant price increases at the pump.
The U.S.-Israel conflict with Iran has led to soaring gasoline and diesel prices, with national averages reaching $3.32 and $4.33 per gallon, respectively.
Gasoline prices have risen sharply as the conflict with Iran continues to disrupt global oil markets, pushing U.S. crude oil prices above $90 per barrel.
The U.S.-Israel conflict with Iran has led to soaring gasoline and diesel prices, with national averages reaching $3.32 and $4.33 per gallon, respectively.
Global oil and gas prices have jumped as the U.S.-Israeli war on Iran halted energy exports from the Middle East, closed navigation in the Gulf, and forced production stoppages.
Oil and gas prices have surged following escalating conflict between the U.S., Israel, and Iran, which has spread across much of the Middle East, leading to significant disruptions in global energy supply.
In response to rising global oil prices triggered by a widening war involving the U.S., Israel, and Iran, the U.S. Treasury Department has granted India a temporary 30-day waiver to continue purchasing Russian oil until April 4.
U.S. gas prices have risen 14% in one week to $3.41 per gallon amid escalating conflict involving Iran, disrupting global oil flows, particularly through the Strait of Hormuz, which handles about 20% of the world's crude oil and natural gas shipments.
U.S. retail gasoline and diesel prices are soaring as the U.S.-Israel war with Iran constrains oil and fuel exports, with fuel prices jumping more than 10% this week as oil rose above $90 a barrel, adding pain at the pump for consumers already strained by inflation.
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