U.S. gas prices
Coverage of U.S. gas prices in the Nexus archive.
- US gas prices jump 9 cents in two days amid Middle East tensions
U.S. gas prices increased 9 cents in two days, averaging $3.88 per gallon, due to renewed U.S. and Iranian strikes affecting oil flow through the Strait of Hormuz. Prior to a three-week ceasefire, prices exceeded $4 a gallon, and a month ago, regular gas averaged $4.15.
- US gas prices fall below $4 for 1st time since March, but still 25% higher than last year
US gas prices have dropped below $4 for the first time since March, but remain 25% higher than the previous year. Delays in oil flow through the Strait of Hormuz are expected to last weeks or months.
- Economic pain becomes decisive factor in Iran war endgame
The economic front in the U.S. war against Iran is reaching a crisis point, with negotiations stalled over Iran's nuclear program. Iran's control of the Strait of Hormuz has driven U.S. gas prices to their highest since the war began.
- Will gas dip below $3 a gallon this year? Here's what experts think.
Experts suggest U.S. gas prices may take months to return to pre-Iran war levels, but it remains uncertain if they will dip below $3 a gallon this year.
- Chevron says Venezuelan oil imports are helping curb U.S. gas prices
Chevron claims Venezuelan oil imports are reducing U.S. gas prices amid rising costs linked to the Iran war. A senior Chevron executive stated the imports provide relief from higher prices caused by the conflict.
- Will the Iran ceasefire ease U.S. gas prices? Here's what experts think.
Gas prices in the U.S. continued to rise on Wednesday despite a drop in oil prices. The article examines whether an Iran ceasefire could alleviate these costs, though experts suggest it may take time for fuel prices to stabilize.