Gas prices rise in Louisiana
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Pump prices are jumping along with crude oil futures, which are rising because of worries about impacts of the broadening war with Iran.
The average price for a gallon of gasoline jumped 11 cents overnight in the U.S. And drivers in Europe waited in line to fill their tanks with fuel. This happened as war engulfed the Middle East
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Gasoline prices nationwide and in the D.C. area are beginning to show signs of spiking. They’re up nearly 9 cents in the last week, depending on the region of the country you’re in, according to gasoline market tracking firm GasBuddy.
The price hike comes amid rising tensions involving the strikes on Iran and overseas developments that have pushed global oil prices higher. Additionally, fuel demand is beginning to grow in anticipation of upcoming spring travel, putting further upward pressure on regional costs.
When the temperature drops into the negatives, your vehicle faces several challenges. Cold weather thickens engine oil, saps battery power, and causes tire pressure to plummet. However, aspect of winter driving we rarely consider is what happens inside your fuel tank.
US supplies of gasoline are being shipped out of the country to travel thousands of miles via the Bahamas before finally ending up in California, a state battling shrinking fuelmaking capacity and high pump prices.
Average US retail gasoline prices crossed $3 a gallon for the first time since November on Monday as the conflict in the Middle East worsened, setting up a key test of public approval of President Trump’s decision to attack Iran,