California gas prices hit $6 per gallon as fuel costs jump nearly 30 cents in a week across the U.S.
California gas prices reached $6 per gallon as national fuel costs rose 27 cents in a week, driven by higher oil prices and supply concerns. Diesel prices in California averaged $7.50 per gallon, a 47% increase since the war began on February 28, impacting transportation and goods delivery. Prices had briefly declined on hopes of a U.S.-Iran deal, but resumed rising when Iran did not reopen the Strait of Hormuz, a critical oil export route.
- ▪California gas prices hit $6 per gallon amid rising fuel costs.
- ▪Diesel prices in California reached $7.50 per gallon, a 47% increase since February 28.
- ▪Nationwide, gasoline prices rose to $4.30 per gallon on average, up from $4.03 a week earlier.
- ▪Falling oil prices briefly lowered pump prices due to hopes of a U.S.-Iran peace deal.
- ▪Fuel costs climbed again when Iran failed to reopen the Strait of Hormuz, a key oil export route.
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Diesel, meanwhile, cost about $7.50 per gallon on average in California on Thursday, a 47% increasse since the war broke out on Feb. 28. Diesel is essential for the economy because the fuel is used by trucks and trains to deliver all the goods that consumers buy. Gasoline prices nationwide surged 27 cents over the past week as oil prices spiked. Drivers paid $4.30 per gallon on average across the U.S. Thursday, compared to $4.03 a week ago. Prices at the pump eased for a couple weeks as oil prices fell on the hope that the U.S. and Iran would reach a deal to end the war. But fuels costs started rising after it became clear that Iran was not reopening the Strait of Hormuz, one of the most important oil export corridors in the world.
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