Summary
Gas prices in some U.S. states are over $4 per gallon due to tensions with Iran affecting oil markets. Disruptions in the Strait of Hormuz, a key route for oil trade, are pushing prices up. The Environmental Protection Agency is allowing a temporary fuel waiver to manage the situation.
Key Facts
- Gas prices are over $4 per gallon in several U.S. states.
- Tensions with Iran, following military actions, are affecting oil markets.
- The Strait of Hormuz is a critical passage for global oil trade and has faced disruptions.
- The national average gas price was $3.981 as of March 26, according to AAA.
- States with prices over $4 include California, Washington, and Hawaii.
- California reported the highest average at $5.843 per gallon.
- The EPA granted a temporary fuel waiver for E15 gasoline to help lower prices.
