Camilla Dominovsky
👤 SpeakerAppearances Over Time
Podcast Appearances
For most of this month, they've also been a straight line, almost straight up.
Prices vary around the country, most expensive on the West Coast and least expensive in the middle of the continent, but they're rising everywhere.
Crude oil is driving prices up as the war in Iran disrupts global oil trade.
A switch to summer gasoline and the typical seasonal rise in demand aren't helping.
The average cost of public charging electric vehicles is 41 cents a kilowatt hour, AAA reports, up slightly two cents from a month ago.
Last year, gasoline prices were remarkably stable, a straight line more or less.
So far this month, they've also been a straight line, almost straight up.
Prices vary around the country, most expensive on the West Coast and least expensive in the middle of the continent, but they're rising everywhere.
Crude oil is driving prices up as the war in Iran disrupts global oil trade.
A switch to summer gasoline and the typical seasonal rise in demand are not helping.
The average cost of public charging electric vehicles is 41 cents a kilowatt hour.
AAA reports up slightly two cents from a month ago.
Global oil trades are massively disrupted, but how catastrophic it is for the world economy depends on how long the Strait of Hormuz remains mostly closed.
Ed Crooks is with the consultancy Wood McKenzie.
Every shred of evidence for a long disruption sends prices up, while every hint at a near-term resolution pushes prices down.
And the result is a volatile price, somewhere in the middle of the two extremes.
Camilla Dominovsky, NPR News.
When President Trump posted in the morning about very good talks with Iran, crude oil prices slid dramatically and stayed down even when Iran said talks were not underway.