Gas Prices both in South Carolina, and nationally rose once again this week, following recent escalations between the U.S. and Iran that continue to keep global oil flows and markets on edge.
Gas prices are on the rise this Easter weekend.
After several days of no movement, AAA says gas prices have jumped six cents overnight in South Carolina.
Gas prices are holding steady here in the Midlands at $3.64 a gallon but that is not the case nationwide.
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.
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.
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.
U.S. President Donald Trump said Monday that the war against Iran could be short-lived, but he left open the possibility of an escalation in fighting if global oil supplies are disrupted by the Islamic Republic, which chose a new hard-line supreme leader.
