Americans Are Now Paying $4 Per Gallon — And Analysts Warn the Worst Could Still Be Ahead - video Dailymotion

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US gas prices crossed $4 per gallon nationally for the first time since 2022 this week, driven entirely by the Iran war and Strait of Hormuz closure. California drivers are paying $5.89 per gallon with diesel at $7.52. Wall Street analysts now consider $200 per barrel oil a realistic scenario if the strait remains closed, which would push national gas averages toward $6–$7 per gallon. Amazon, UPS and airlines have already announced fuel surcharges and route cancellations.

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00:00For the first time since the summer of 2022, Americans are paying more than $4 for a gallon

00:05of regular gasoline, and economists warn that if tonight's Iran deadline passes without a deal,

00:11the worst is far from over. The national average hit $4.08 per gallon this week,

00:17a 33% increase year-on-year. In California, drivers are already paying $5.89 per gallon,

00:25with diesel topping 7.52 in the nation's most populous state. The surge is entirely driven by

00:32the Iran War and the closure of the Strait of Hormuz, which previously handled 20% of the world's

00:39daily oil supply. Wall Street analysts have now put $200 per barrel oil on the table as a realistic

00:45scenario if the strait remains closed beyond April. That would push the U.S. national gas average to

00:52somewhere between $6 and $7 per gallon. The effects are already cascading. UPS is adjusting its fuel

01:00surcharges weekly. Amazon has announced a 3.5% logistics surcharge for third-party sellers.

01:06Airlines are canceling routes. Vice President J.D. Vance warned Americans last month of a

01:12rough road ahead on gas prices. That road just got a lot rougher.

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Americans Are Now Paying $4 Per Gallon — And Analysts Warn the Worst Could Still Be Ahead

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