US gas reaches $4.30 per gallon; Trump says prices will drop after Iran war
Summary
Gasoline prices in the United States have reached an average of $4.30 per gallon, rising sharply since late February amid the US-Iran conflict. President Donald Trump said gas prices will fall after the conflict ends but has rejected Iran’s offers for a deal to reopen the Strait of Hormuz.Key Facts
- The average US gas price is $4.30 per gallon, up from under $3 before the US-Israel war on Iran began on February 28.
- Gas prices rose 27 cents in the past week amid the ongoing conflict and naval blockade of Iran.
- Oil prices are above $100 per barrel due to the blockade of the Strait of Hormuz, a key shipping route.
- California’s average gas price is over $6 per gallon, the highest among US states.
- The conflict and higher gas prices are contributing to inflation and economic worries in the US.
- President Trump rejects preliminary deals from Iran and insists the military campaign will prevent Iran from getting nuclear weapons.
- Iran denies pursuing nuclear weapons and demands the US lift its naval blockade before talks.
- Despite a ceasefire on April 8, US gas prices have continued to rise.
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