US gas prices surge above $4 as California tops $6
Updated
Updated · Business Insider · May 6
US gas prices surge above $4 as California tops $6
11 articles · Updated · Business Insider · May 6
AAA data showed the national average rose from $2.98 on 27 February to above $4 by 31 March, while California crossed $6 a gallon on 30 April.
West Coast states have been hit hardest, while Oklahoma and Kansas remained among the cheapest during the spike. Analysts cited Hormuz blockades, costlier summer fuel and Midwest refinery outages.
Despite leading global oil production, the US remains exposed to world oil markets and record exports. GasBuddy's Patrick De Haan said summer prices could range from $3.50 to $5.50.
As record US oil exports continue, can a temporary fuel waiver provide real relief for American drivers?
With the Strait of Hormuz blocked, how close is the world to an energy-driven global recession?
A US-Iran blockade war has paralyzed global oil supply. What would a diplomatic solution to reopen the critical strait look like?