US Gas Tops $4.01 a Gallon as Renewed Iran Strikes Lift Oil
Updated
Updated · Fox Business · Jul 21
US Gas Tops $4.01 a Gallon as Renewed Iran Strikes Lift Oil
3 articles · Updated · Fox Business · Jul 21
Summary
$4.019 a gallon became the AAA national average for regular gas on July 21, up from $4.003 a day earlier and pushing U.S. pump prices back above $4.
Renewed U.S. military action against Iran helped drive the increase, with CENTCOM saying it completed another round of strikes on July 20 targeting command centers, missile and drone sites, maritime capabilities and air defenses.
Prices have climbed quickly beyond the daily move, rising from $3.859 a week ago and $3.938 a month ago; the year-ago average was $3.141.
The strikes are tied to Washington's effort to protect Strait of Hormuz shipping, where CENTCOM said U.S. forces have helped transit about 900 commercial vessels and 450 million barrels of crude since early May.
Higher fuel costs are already feeding political backlash, with Trump vowing harsher retaliation after two U.S. service members were killed in Jordan and Democrats blaming the Iran war for making life more expensive.