Gas Prices Continue to Climb as U.S.-Iran Conflict Continues

(Undated) — Consumers continue to feel the sting of rising oil, gasoline, and diesel costs. According to GasBuddy Head of Petroleum Analysis, Patrick De Haan, geopolitical tensions in the Middle East remain elevated, pushing gasoline prices to their highest levels in years, while diesel could soon approach the $5-per-gallon mark nationally. He says until we see a meaningful resumption of oil flows through the Strait of Hormuz, upward pressure on fuel prices is likely to persist. De Haan says at the same time, seasonal forces are beginning to intensify as several regions complete the transition to “summer gasoline,” creating a double headwind that could continue driving pump prices higher in the weeks ahead. The current national average is $3.80 a gallon.