U.S. Gas Prices Rise Amid Iran Sanctions, Storms
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United States. National gasoline averages rose about 7.5 cents this week to roughly $2.84 per gallon, GasBuddy data show, while diesel rose about 7.8 cents to $3.543 per gallon. Local markets varied: Peoria fell two cents to $2.83, Green Bay climbed 10.7 cents to $2.56, Michigan fell ten cents to $2.86, Arkansas dipped 0.7 cents to $2.40, and Natrona and Campbell counties recorded larger spikes. GasBuddy analysts attributed the national rise to crude oil topping $60 per barrel, new sanctions on Iran reducing supply, and recent winter-storm refinery disruptions. Based on 6 articles reviewed and supporting research and analysis today.
Prepared by Christopher Adams and reviewed by editorial team.
Timeline of Events
- New sanctions on Iranian oil tightened international supply.
- A major winter storm impacted refinery operations and output.
- Crude oil prices climbed back above $60 per barrel.
- GasBuddy compiled weekly price data showing national gasoline and diesel increases.
- Local outlets reported divergent regional pump-price changes across multiple U.S. markets.
- Articles Published:
- 6
- Right Leaning:
- 0
- Left Leaning:
- 0
- Neutral:
- 6
- Distribution:
- Left 0%, Center 100%, Right 0%
Global oil exporters and some energy-sector companies benefited from higher crude prices and tightened supply due to sanctions and winter-storm-related refinery disruptions, which supported higher wholesale prices.
Local drivers, small businesses, and transportation-dependent industries suffered from higher pump and diesel prices, with communities showing uneven regional impacts where local averages spiked.
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U.S. Gas Prices Rise Amid Iran Sanctions, Storms
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