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Gas prices are fluctuating as the conflict in Iran continues and the global oil market takes a hit. Nationwide, prices have gone up as much as 50 cents per gallon since the war in Iran started on Feb 28.
Experts attribute the increase to rising tensions in the region that have disrupted key supplies, along with a major supply shock caused by the disruption of oil tanker traffic through key waterway the Strait of Hormuz, a major oil shipping waterway. High prices could also be attributed to a more expensive summer blend and more driving because of the warmer weather.
In Washington, D.C., prices have gone up 35 cents from last year for regular gasoline, worrying locals.
“I have a car and I refuse to drive it,” said Dawn Craig. “At this point it’s too expensive.”
The high prices are forcing D.C residents to find other transportation methods. The nation’s capital is now No. 12 on the list of areas with the most expensive gas in the United States.
“I had to cut off on gas,” said Mike Klinetobe. “I use the bus locally and the train in some cases.”
Gas prices are expected to fluctuate throughout the upcoming days but can rise again if the conflict stretches out.
