All 50 states top $4 a gallon gas as Iran war impacts linger
· Axios
All 50 states have average gas prices above $4 a gallon, AAA said Wednesday, with seven now topping $5 a gallon.
Why it matters: As the war with Iran approaches the three-month mark, soaring fuel prices are costing Americans millions of dollars a day, crushing small business profits, and driving a surge in inflation.
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Driving the news: The national average now stands at $4.56 a gallon, AAA said.
- California is the nation's high, at $6.15 per gallon, while Georgia is the lowest at $4.01 a gallon.
- Some southern states had been holding the line at $3.98 or $3.99 a gallon in recent days.
Stunning stat: The average price of a gallon of gas is up 53% since the war started.
What to watch: There are signs that things could get much worse.
- Widely watched GasBuddy analyst Patrick De Haan said Wednesday morning that the national average could hit an all-time record north of $5.03 per gallon if the Strait of Hormuz remains closed through mid-summer.