US gas prices rise 11.3% amid escalating conflict with Iran
According to AAA, the national average price for gasoline in the US was $3.32 per gallon as of March 6, 2023, approximately 88 cents per litre. This marks an 11.3% increase compared to the period before the outbreak of war with Iran, affecting retail fuel prices across the country.
The price hike reflects growing tensions in the Middle East, raising concerns about the stability of oil supplies. While regional prices vary, the overall trend shows an upward trajectory, which could impact the economy and consumer spending.
Gasoline prices are expected to remain under pressure in the near term until the situation stabilizes or new measures ensure uninterrupted fuel supply.
