The American Automobile Association (AAA) announced on Tuesday that the average price for a gallon of gas has surpassed $4, marking the highest levels seen in over three years.
Since the beginning of Operation Epic Fury on February 28, gas prices across the U.S. have steadily climbed.
Currently, the average cost stands at $4.018 per gallon, a significant increase from $2.98 just a month prior.
There’s quite a variation in prices nationwide; in Texas, gas is around $3.678 a gallon, while in California it’s nearly $5.89.
Meanwhile, drivers in Oregon and Nevada are looking at prices close to $5, based on the latest figures.
In New York and New Jersey, prices remain below $4, but they are on the rise.
The average in New York has jumped from $3 to $3.94 within the past month.
This is the first time since August 2022 that gas prices have hit the $4 mark.
Back in June 2022, shortly after Russia’s invasion of Ukraine began, prices soared above $5 per gallon for the initial time.
The recent surge in energy costs has been attributed to Iran effectively shutting down the Strait of Hormuz, a critical route for about 20% of the world’s oil supply.
The White House has maintained that temporary fluctuations in energy prices might be justifiable for the sake of maintaining peace.
“In terms of short-term gas price variations, the president has stated that following the conclusion of these military operations, his administration will work to increase energy control,” Press Secretary Caroline Levitt communicated to reporters last week.
“We’re actively addressing this, and thanks to this president, prices are expected to decrease as they did last year.”
Earlier this month, former President Trump noted on Truth Social that once “the destruction of Iran’s nuclear threat” is resolved, short-term oil prices will likely “drop significantly.”
In response to the situation, the White House has approved the release of 173 million barrels of oil from the Strategic Petroleum Reserve and is temporarily easing restrictions on E10 and E15 gasoline.
This exemption will start on May 1 and last until May 20, permitting the sale of gasoline blended with 15% ethanol.
“This emergency measure is designed to reassure American families by boosting fuel supply and expanding choices for consumers,” stated Environmental Protection Agency Administrator Lee Zeldin.
