(AURN News) — Americans are paying more at the pump as oil prices surge during the ongoing conflict between the United States and Iran, pushing global oil markets higher.
Oil prices have risen sharply, with crude now trading at about $100 per barrel. Energy analysts say geopolitical tensions in the Middle East often push oil prices higher, which can quickly translate into higher gasoline prices in the U.S.
Just last week, AURN News reported that the national average price for a gallon of gas had risen to $3.25. A month ago it was $2.89. This week, the average has climbed to $3.47 per gallon.
In California, the average is now $5.20 per gallon. In Pennsylvania, it is $3.58. Even states like Oklahoma, which typically have lower prices, have seen increases, with the average now at $2.97 per gallon.
Middle- and lower-income Americans are expected to be hit the hardest, as many families continue to deal with high food and housing costs under Trump’s economic policies. Critics say the promised new “golden age” has benefited those at the top while leaving many working- and middle-class families struggling.
As spring break begins for many families, prices are expected to rise across the board, including airline fares, delivery fees and groceries.
The problem could worsen as analysts predict oil prices may reach $150 per barrel, surpassing the record set in 2008.
Click play to listen to the AURN News report from Jamie Jackson:
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