Oil prices rise as stocks fall
The average price of gas fell Thursday, March 26 for the first time since the start of the war in Iran.
The average price of gas fell Thursday, March 26 for the first time since the start of the war in Iran.
Gas prices are holding steady after more than three weeks of increases tied to the war with Iran.
U.S. gas prices rose for the 24th straight day Tuesday, March 24.
Regular gas now averages $3.96 a gallon, according to AAA.
Relief is ripping through financial markets Monday after President Donald Trump said the United States has talked with Iran about a possible end to their war. Oil prices are easing, and stock prices are jumping on Wall Street following severe losses elsewhere in the world before Trump’s announcement.
South Carolina drivers are paying an average of $3.59 a gallon, according to AAA. Crysty Vaughan has more on the spike at the pump.
Midlands drivers are paying an average of $3.47 a gallon, according to AAA, that’s up more than 25 cents from last week. Crysty Vaughan has details on the average price of gas.
Prices at the pump up nearly a quarter. Midlands drivers are paying an average of $3.40 a gallon, according to Gasbuddy.
Gas prices continue to rise in the U.S. as the war with Iran endangers oil supplies.
The U.S. said it took out more than a dozen mine-laying Iranian vessels Tuesday, and the Islamic Republic vowed to block the region’s oil exports, saying it would not allow “even a single liter” to be shipped to its enemies.