U.S. Gas Prices Hit $4 a Gallon Again as the Iran Conflict Grinds On. 2 Things Investors Need to Know.
The stock market is reacting as expected, but things might be different moving forward.
Overview
The average U.S. gas price for regular unleaded gas is back above $4/gallon, according to AAA.
The current average price across all 50 states rose to $4.003/gallon on Monday. That’s about $0.13 more than it was a week ago, when it came in at $3.872/gallon. And it’s 27% higher than it was a year ago, when it was just $3.141/gallon.
Details
Mid-Grade, Premium, Diesel, and E85 ethanol-based fuels also spiked about the same amount. Diesel fuel, widely used by 18-wheeler trucks hauling trailers, now sells for an average of $5.108/gallon.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.