US gas prices hit $4 per gallon again, according to AAA
The breakdown of negotiations between the United States and Iran once again marks a setback in the opening of the Strait of Hormuz
This Monday, gasoline prices in the United States once again exceeded the threshold of $4 per gallon, according to data published by the American Automobile Association (AAA), this amid new attacks between the United States and Iran.
What seemed like a few weeks ago a relief for the pockets of American consumers with the fall in gasoline prices after the preliminary agreement between both nations and, although in the midst of a tense calm, the fall also in oil prices, the beginning of this week marks a setback in the opening of the Strait of Hormuz, one of the main channels through which nearly 20% of the world's crude oil transits.
Since early July, oil prices have been rising; Brent crude oil, the international benchmark, reached $90.95 dollars per barrel this Monday, while WTI, the US benchmark, rose to $84.04 dollars per barrel.
For its part, the AAA report details that mid-grade gasoline is $4.48; the premium one is at $4.87, the diesel at $5.10 and the E85 at $3.07; The states being California, Nevada, Oregon, Arizona, Washington, Alaska, Hawaii, New York, Illinois and Pennsylvania where the cost of fuel is higher, ranging between $5.49 to $4.14 per gallon.
For oil analysts like Tom Kloza, an advisor to Gulf Oil, oil prices are not likely to decline in the coming weeks; On the other hand, it predicts that they will continue to increase between 10 and 25 cents in the following days. “The war with Iran and the new closure of the strait are not the only factors driving the rise in prices, but also the recent drone attacks by Ukraine against Russian refineries,” Kloza told CNN.
Previously, Patrick De Haan, an oil expert at GasBuddy, had also commented that crude oil prices could be regulated depending on the transit of ships through the Strait of Hormuz, but "it will be a very long process, from several months to several years, until the situation is completely normalized. We will not see those levels until possibly mid or late 2027," he assured.
Gasoline prices in the United States soared for the first time this year after starting the war in the Middle East with the attack by the United States and Israel on Iran on February 28, reaching one of the highest levels in May when it reached $4.56 dollars per gallon.

