The price of gasoline in the United States jumped again on Monday as the war in the Middle East entered its 10th day.
The average price of U.S. gasoline reached $3.48 a gallon, according to data from the AAA motor club. That is a nearly 17 percent increase since the first U.S.-Israeli attacks on Iran on Feb. 28. Gas hasn’t been at these levels since 2024.
The price of oil jumped above $100 on Monday after attacks intensified, and Iran said it was firing more missiles toward Israel in response to expanding U.S.-Israeli attacks.
The suddenly rising energy costs — everything from jet fuel to diesel for trucks and tractors is more expensive — are rooted in the supply of crude oil coming from the Persian Gulf. The tankers that normally carry oil out of the region are not sailing, cutting the world off from about one-fifth of its oil supply.
There are already big variations in how much drivers pay. Though oil prices make up the largest share of the cost of gasoline — about 60 percent — taxes, refining margins, and distribution costs can raise prices further. Drivers in California, for example, paid an average of $5.20 a gallon on Saturday, the highest in the country, while those in Kansas paid $2.92, the lowest.
Emmett Lindner is a business reporter for The Times.
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