Updated
Updated · Bloomberg · Apr 30California gasoline tops $6 a gallon amid Iran war energy crunch
15 articles · Updated · Bloomberg · Apr 30
- The statewide average reached $6.01, the only US state above that level and California's highest price since October 2023.
- Brent crude rose past $126 as the conflict showed no sign of ending and energy flows through the Strait of Hormuz remained constrained.
- The price jump extends a sharp rise from $4.64 at the war's outset, underscoring how the Middle East conflict is feeding through to US consumers.
Beyond the Iran war, are California's own refineries the real cause behind its record-breaking $6 gas prices? The Iran war has crippled the world's oil supply. Will this crisis accelerate a green energy future or derail it completely?