Drivers hitting the roads this weekend could see upwards of $5 per gallon at the pump in some parts of the country as effects of the war in Iran continue to reverberate across the U.S.
The national average for a regular gallon of gas is $4.15 as of Friday, April 10, according to AAA.
In places with higher prices, that number is over $5 per gallon. On the low end of the spectrum, some states are around $3.50 per gallon today.
On April 10, the Labor Department released the latest Consumer Price Index for March. The report shows that, compared to the month prior, gas prices spiked 21.2%, the largest monthly increase since record collection began in 1967.
With the Strait of Hormuz – a Middle East waterway critical to the global oil economy – at the center of the war between the United States and Iran, the price of crude oil, and in turn gas, has skyrocketed.
