Gas prices creeps toward $4 in parts of Mass. in 3rd week of Iran war
Massachusetts residents can expect higher gas prices on Tuesday as the U.S. enters its third week of war on Iran.
AAA reported that gas prices have increased by 27 cents since Monday, meaning that people can expect to pay roughly $3.58 at the pump.
For mid-grade gas, the cost is $4.15, premium is $4.54 and diesel will cost around $5.15.
It's even higher in parts. On the Massachusetts Turnpike in Charlton, regular gas was at $3.78, mid-grade was $4.37, and premium was $4.88 a gallon. Meanwhile, diesel gas was listed at $5.37 per gallon.
The national average reported by AAA is around $3.79.
According to a Reuters/Ipsos poll , released last week, 67% of respondents said they believe gas prices will surge higher in the U.S. over the next year. Meanwhile, 12% said that prices will remain the same and 11% said prices will improve.
Since launching the strikes on Iran on Feb. 28, the price of oil nationwide has surged past $100 per barrel and U.S. gasoline prices at the pump have soared by roughly 50 cents per gallon.
The cost of oil dipped slightly on Monday before jumping more than 3% to $96.4 per barrel on Tuesday, Trading Economics reported.
The data service explained this change in oil costs occurred as Iran continues to attack energy infrastructure across the Middle East and Israel reported killing senior Iranian officials.
Another cause for the higher gas prices is because of a halt in operations at the Shah gas field, which is one of the world's largest gas operations, producing 1.28 billion cubic feet of gas per day, after a drone attack caused a fire at the facility, Middle East Eye reported.
Iran's new supreme leader Ayatollah Mojtaba Khamenei has also announced that his country is blocking the Strait of Hormuz , a narrow channel through which 20% of the world's oil passes.
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