The joint U.S.-Israeli attacks on Iran will result in higher gas prices. That is according to AAA’s Nick Chabarria, who says oil prices rose sharply after the initial strikes on Iran which will lead to an increase the price at the pump. He says gas prices were already increasing upward because of the shift from a winter blend gasoline to a summer blend.
“That happens every year, around this timeframe, and typically leads to about a 10-15¢ per gallon increase of the local pumps,” Chabarria said.
The statewide average price for a gallon of regular gasoline is $2.57. That’s up seven cents from a week ago.
“It’s going to be determined by how long the conflict continues, and to what extent the oil and gas industries impacted in the Middle East,” Chabarria explained.
Chabarria says the silver lining for Louisiana is that gas prices are 17¢ lower than they were at this time last year.
“So we’re still seeing year-over-year savings, even with gas prices trending upward over the last month,” Chabarria said.
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