Gas prices surge as oil tops $100 a barrel. Here's how much Americans are paying.
CBSN
Gasoline prices in the U.S. continued climbing on Monday after the U.S.-Israeli war with Iran pushed oil prices above $100 per barrel, the highest since 2022. Edited by Alain Sherter In:
Gasoline prices in the U.S. continued climbing on Monday after the U.S.-Israeli war with Iran pushed oil prices above $100 per barrel, the highest since 2022.
The average national cost of gas is now $3.48 per gallon, up 48 cents since last week and 58 cents from a month ago, according to data from AAA. That remains considerably lower than during the pandemic, when a disruption in oil supplies pushed the cost of regular gas up to $5.02.
Prices are currently highest in California, where drivers were paying an average of $5.20 per gallon on Monday morning, and in Washington state, where gas hit $4.63 per gallon. Kansas has the country's lowest average price, at $2.92 for a gallon of regular.
The price of diesel, which has a tighter inventory than regular gas, has also skyrocketed, rising nearly 89 cents over the last week to $4.66 a gallon.
Fuel prices have jumped as the Iran war disrupts the flow of oil through the Strait of Hormuz, the key channel that connects the Persian Gulf to the Gulf of Oman and the Arabian Sea.
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