All 50 states top $4 a gallon gas as Iran war impacts linger

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.

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.

المصدر: Axios