Drivers are about to get hit with something both familiar and unwelcome: sharply higher fuel prices. Analysts say gas and diesel costs are poised to surge in the coming days, with some warning of "staggering" jumps at the pump, especially across the Midwest, Great Lakes, and Rocky Mountain states, reports the Washington Post. Diesel, already averaging $6.40 a gallon nationwide and $8.35 in California, is setting records and pushing up shipping and retail costs. The spike is being tied to the US-led war on Iran and a string of attacks on Saudi oil infrastructure, including serious damage to the kingdom's key East-West Pipeline. Despite assurances from US officials, experts reviewing satellite imagery expect repairs to take one to two months, and forecasts suggest elevated prices could persist past the midterms. More:
- How it affects you: The average price of a gallon of gas in the US hovered around $4.44 on Thursday morning, per AAA. Newsweek has a map that shows the average price, state by state.
- Comparison: Citing data from the Energy Information Administration, Yahoo Finance notes that gas prices are the highest they've ever been at this point in time during an election cycle.