West Alabama Gas Prices Ramping Up Again
With renewed military action between the United States and Iran the price for an average gallon of gasoline has again hit the $4.00 mark nationwide at $4.01 this morning. The aborted peace deal between the two nations had seen gas prices plunge dramatically. But with increased intensity of attacks and more casualties, oil prices have climbed quickly.
Brent crude oil futures rose in the past 24 hours to $89.62 a barrel. Oil prices matter because they react to major events like the current Middle East conflict. Higher crude often means pricier fill-ups, shipping and manufacturing. Prices move with supply and demand—and with what markets expect next.
High diesel prices directly impact the entire economy because they bump up the cost of transportation of virtually every good sold at retail. The national average for retail diesel in the U.S. is approximately $5.11 per gallon. In Tuscaloosa, local diesel prices typically average between $4.32 and $5.55 per gallon depending on the specific station.
The U-turn to climbing fuel prices, while returning above the $4.00 mark is still $1.01 below the all-time nationwide high in June 2022. The all-time West Alabama high cost was $4.63 a gallon, also in 2022.
The price of regular unleaded bumped up 4-cents overnight in Alabama and has risen 12-cents since this time last week nationally. In Alabama, gas was 14-cents cheaper last week. In West Alabama, Greene County at $3.89 a gallon is the priciest in West Alabama, up 16-cents since last week.
Gas prices are climbing across West Alabama. Current averages for a gallon in each county are:
- Bibb: $3.65
- Fayette: $3.69
- Greene: $3.89
- Hale: $3.72
- Lamar: $3.76
- Marengo: $3.72
- Perry: $3.85
- Pickens: $3.67
- Sumter: $3.77
- Tuscaloosa: $3.60
- Walker: $3.63
With the U.S. and Iran oil fighting over control of the oil transit route through the Strait of Hormuz oil tanker traffic has dropped to a five-week low. Analysts caution that will be reflected by continued gas price increases.
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