Gas prices are climbing again. See the states where it is the most and least expensive.
Gas prices in the United States have spiked due to escalating tensions in the Middle East and disruptions to global oil shipping. Analysts warn that these rising fuel costs are contributing to broader inflation and placing significant pressure on small businesses.
Why it matters
Rising energy costs have a direct impact on the cost of living and the operational viability of businesses across the US economy.
The average price of a gallon of regular gas spiked past $4, according to AAA. Justin Sullivan/Getty Images Drivers are getting an unwelcome September surprise at the pump. Escalating Middle East tensions have kept oil prices elevated since March. An analyst warns high gas prices have filtered into retail shocks — and could hurt small businesses. Filling up is getting more painful by the day. The national average price for a gallon of regular gas rose to $4.28 on Thursday, up 6 cents in 24 hours and 13 cents over the past two days, according to AAA. That's $1.08 more per gallon than drivers were paying a year ago. The price jump comes as the six-month war between the US and Iran enters another dangerous new phase for global oil supplies.
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