Map Shows Worst Hit States Amid Warning $3 Gas May Not Come Back Until 2028
Summary
Gas prices in the U.S. have risen sharply due to ongoing conflict linked to Iran, costing American households hundreds of dollars more. Experts predict that gas prices may not return to lower levels until 2028, while officials believe prices will fall quickly once the conflict ends.Key Facts
- The war involving U.S. and Israeli strikes against Iran began nearly three months ago.
- Rising gas and diesel prices have added about $50 billion in extra costs for U.S. consumers since late February.
- The average price for regular gasoline is currently around $4.45 per gallon, about 50% higher than before the conflict.
- Brown University research estimates the average household has paid about $370 more due to higher gas and diesel prices.
- The states hardest hit by rising gas costs are Alabama, Wyoming, and Utah.
- Increased fuel prices have contributed to higher overall inflation, affecting prices of other goods like food.
- GasBuddy analysts predict oil prices may stay above $70 per barrel until 2028, delaying price relief.
- The White House expects prices to fall quickly once the conflict ends and supply returns to normal.
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