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4h ago

U.S. Gas Prices Jump to $3.41 as Hormuz Disruptions Push Crude Above $90

Greater Cincinnati has logged the steepest weekly increase, underscoring how a global shock is hitting local pumps.

Houstonians are paying about 50 cents more per gallon of gas a week after the war with Iran began.
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Overview

  • The U.S. average reached $3.41 on Saturday after a roughly 45-cent weekly jump, with at least 10 states up 50 cents or more and Indiana and Ohio leading increases, according to AAA and GasBuddy.
  • Greater Cincinnati posted the largest metro spike at 80.1 cents to $3.429, and many local stations were at $3.49, GasBuddy and AAA data show.
  • MarineTraffic reported roughly a 90% drop in tanker transits through the Strait of Hormuz, a chokepoint that normally carries about a fifth of global oil flows.
  • Crude rose more than 30% this week, with WTI near $91 and Brent around $92–$94, and Kuwait Petroleum Corp. cut output Saturday, Bloomberg reported.
  • Diesel averaged about $4.51 and could reach $4.55, according to GasBuddy, while the administration is weighing steps such as protecting tankers and President Trump predicted prices would retreat when the conflict ends.