economy
Six states that have seen the biggest bump in gas prices amid Iran war
The price of gas has increased nationwide since the start of the Iran war as drivers bear the brunt of the Islamic Revolutionary Guard Corps’s move to choke off the Strait of Hormuz.
TL;DR
- Gas prices have increased nationwide since the start of the Iran war, attributed to the Islamic Revolutionary Guard Corps' actions in the Strait of Hormuz.
- About 18 states have seen average gas prices increase by over $1 per gallon in the past month.
- Arizona, Illinois, Colorado, New Mexico, Indiana, and Kentucky have experienced increases of over $1.10 per gallon since late February.
- Despite recent spikes, current average gas prices in these states are lower than during the summer 2022 surge.
- Nine states plus Washington, D.C. have average gas prices over $4 per gallon, with California, Washington, and Hawaii having the highest prices.
- Some state legislatures are considering suspending gas taxes temporarily.
- Government officials describe the current gas price increase as a temporary blip and are working to ensure prices stay lower.