California Gas Hits $5.38 as Iran Fighting Resumes After Trump Says Truce Is Over
Updated
Updated · KABC-TV · Jul 9
California Gas Hits $5.38 as Iran Fighting Resumes After Trump Says Truce Is Over
3 articles · Updated · KABC-TV · Jul 9
Summary
$5.38 a gallon was California's average regular-gas price on Thursday, up 2 cents from the prior day as renewed Iran fighting began feeding through to pumps.
More than 6% oil-price surge followed intense exchanges of fire earlier this week, and Trump added pressure on sentiment by saying the temporary truce with Iran was, in his view, over.
Los Angeles County averaged $5.40, with some Hollywood stations near $6; drivers contrasted that with about $3.09 in Texas.
California prices are still nearly 50 cents below a month ago, but they remain well above the $4.55 statewide average a year ago before the Iran war began.