Gas Prices Surge Across Northeast, Florida Amid Iran-Israel Conflict

Gas prices are rising sharply across the U.S. Northeast and Florida, driven primarily by escalating geopolitical tensions between Iran and Israel. In Massachusetts, the average price per gallon has climbed to $3.08, with some areas like Nantucket seeing prices near $4.50. Florida motorists face similar increases, with prices jumping 16 cents in a week to an average of $3.11 per gallon, attributed to oil market volatility stemming from U.S. strikes on Iranian nuclear sites and Iran's threats to close the Strait of Hormuz, a critical global oil shipping route. Nationally, gas prices have risen about 9 to 10 cents per gallon recently, reflecting stronger summer demand alongside geopolitical factors. President Trump has publicly urged efforts to keep oil prices down amidst these developments. Meanwhile, in the Philippines, fuel companies plan a staggered price increase to mitigate economic impact amid rising crude oil prices near $75 per barrel, showing the broad international effects of the current oil market uncertainty.