Gas surged to $4 a gallon on Tuesday amid the United Statesâ continued conflict with Iran.
The national gas average spiked by over $1 in one month, according to AAA. Tuesdayâs milestone price arrived after consistent volatility in global energy markets.
President Donald Trump launched Operation Epic Fury on February 28, killing Supreme Leader Ayatollah Ali Khamenei and numerous other Iranian officials. The U.S. has since conducted an extensive air campaign, striking multiple military facilities and bombarding energy hub Kharg Island.
The Iranian Revolutionary Guard Corps has retaliated by closing the Strait of Hormuz, effectively shutting down the global oil trade. Brent crude, an oil blend that serves as the global benchmark price, has risen by over $30 since the conflict began. For every $10 increase in Brent crude, U.S. gas prices increase by roughly 24 cents per gallon. Brent is trading at $106 a barrel as of March 31.
In a Tuesday Truth Social post, Trump chastised U.S. allies for their war absenteeism.
âAll of those countries that canât get jet fuel because of the Strait of Hormuz, like the United Kingdom, which refused to get involved in the decapitation of Iran, I have a suggestion for you,â Trump said. âNumber 1, buy from the U.S., we have plenty, and Number 2, build up some delayed courage, go to the Strait, and just TAKE IT.â
âYouâll have to start learning how to fight for yourself, the U.S.A. wonât be there to help you anymore, just like you werenât there for US,â the President continued. âGo get your own oil!â
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