Ohioans could pay more at the pump for Iran sanctions

According to new numbers released by AAA, the average price for regular gas in Florida is $2.72 per gallon, about one cent cheaper than last week. For the full year, the EIA expects the average price of a gallon of gasoline to be $2.79.

Statewide the average price is $2.81, which is up 2 cents from last week.

Motorists in Kansas, as well as drivers across the United States, could see higher prices at the gas pumps due in large part to the re-imposition of economic sanctions on Iran, warns AAA Kansas. Florida's average fell one cent to $2.73 on Sunday, but that's up 35 cents compared to this time a year ago.

DALLAS (AP) - U.S. oil prices crashed through the $70-a-barrel mark for the first time since late 2014, foreshadowing costlier gasoline and consumer goods.

Crude oil exports were at 2.148 million barrels per day last week. Until a decision is made, the oil market remains restless, inching toward a $70-per-barrel threshold that hasn't been breached since November 26, 2104.

Trump's CIA Pick Faces Senate Grilling
Haspel didn't talk about ultimatums or engage in hypotheticals about storming out of the Oval Office or offering her resignation. McCain, who is at home in Arizona recovering from surgery and treatment for cancer, will not be casting a vote on Haspel.

President Trump has until Saturday to decide whether to extend the existing Iranian deal or restore penalties on one of the world's biggest oil producers. Current pump prices also put Idaho in seventh place for the highest gas prices today, experts say. The highest average price per gallon in the region on Monday was $2.779 in Athens, $2.703 in Waverly and $2.702 in Washington Court House.

The US re-imposing of economic sanctions on Iran could lead to higher gas prices across South Dakota - where drivers are already paying an average of nearly $2.70 a gallon, the most they've paid in years.

DeHaan did warn prices may spike again depending on what President Trump decides in regards to the Iran Nuclear deal.

Killing the deal could create higher gas prices, as it may lead to sanctions placed on Iran and its oil production, according to a Monday report from GasBuddy analysts.

  • Megan Austin