The price of a gallon of regular gasoline in the U.S. has climbed 31 cents in the past week and is now 52% higher than before the Iran war began.

The average price of a gallon of gasoline in California clocks in at $6.13, standing 36% higher than the national average. Some elected officials in the state have warned of a potential oil and gas shortage that could push prices up even further in the Golden State.

The price of a gallon of regular gasoline in the U.S. has climbed 31 cents in the past week and is now 52% higher than before the Iran war began

Alarm broke out as online posts warned that California has only six weeks of oil left.

Americans are paying the highest prices for gasoline in nearly four years, leading to frustration at the pump and to worries about higher inflation and a weaker economy.

Gas prices are now 52% higher than prior to the Iran war, with drivers paying $1.56 more per gallon, data shows.

People with lower incomes are driving less and devoting more of their budgets to transport as gas prices soar.

By Anushree Mukherjee May 5 (Reuters) - The U.S. national average retail price of gasoline surpassed $4.50 a gallon on Tuesday for the first time since July 2022, data from GasBuddy showed, as the U.S.

Motorists may face mixed fuel price adjustments next week, with gasoline prices expected to increase while diesel may see a significant rollback, according to oil industry sources. A report on "24 Oras Weekend" on Saturday said gasoline prices could go up by as much as P5 per liter,

Shipping, taxes, competition and environmental regulations all play a part in the cost of gasoline. That can lead to stark differences in pump prices.