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El Paso Gas Prices Surge Past $4 Amid Global Conflicts

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The average cost of gasoline in the U.S. has reached $4 per gallon, primarily due to escalating tensions between the U.S. and Iran, which have disrupted oil supplies through the Strait of Hormuz. This marks a significant increase from the pre-conflict average of $2.98. Prices are expected to rise further, with analysts predicting an increase of 10 to 25 cents in the coming week, driven by heightened demand during the peak driving season and geopolitical tensions, including the impact of Ukraine's drone attacks on Russian refineries. El Paso residents should prepare for continued high prices at the pump as the situation develops.

Key Details: • Gas prices have risen by approximately 13 cents over the past week. • Expect further increases of 10 to 25 cents in the next week. • California has the highest average price at $5.49, while Indiana has the lowest at $3.35. • Peak driving season is expected to keep demand and prices high through Labor Day.

economy oil gas-prices iran driving

People & Organizations

CaliforniaDonald TrumpIndianaAmerican Automobile AssociationStrait of HormuzGulf OilTom Kloza

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