Gas prices are $1 higher than they were leading up to the Iran war

The average price of gasoline in the U.S. is now a dollar higher than it was in the days before the war with Iran.

The average U.S. gas price on Wednesday was a little over $3.98 per gallon, up from approximately $2.98 cents a month ago, according to AAA.

While gasoline prices tend to increase a bit as the summer gets closer, the rapid increase was largely caused by the conflict. Amid the turmoil, shipping through the Strait of Hormuz, through which about a fifth of the world’s oil flows, has effectively halted.

As prices of oil, the main component gasoline, have spiked in response, so too have gas prices.

Gas prices are also significantly higher than they were a year ago, when they averaged about $3.14 per gallon in the U.S.  

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