The average U.S. gallon of gas neared $4 on Wednesday as California closed in on $6, with prices fueled by the uncertainty around the U.S.-Israel conflict with Iran.
With no clear end in sight for the Iran conflict that has killed nearly 3,000 people across the Middle East, oil and gas prices have remained high across the globe, but slowed since the first weeks of the conflict. In the U.S., some states are exploring pauses on fuel taxes to relieve consumers.
“I would caution against saying things are stabilizing because prices are reacting to a dynamic and complicated international situation,” AAA Auto Club Group spokesperson Skyler McKinley in Colorado told The Center Square on Wednesday. “Prices have stabilized at an expensive level, and so we're seeing that oil flow across the system. And we're seeing it priced in at the gasoline level.”
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