Episode Details

Gas prices surged after the U.S.-Israel strike on Iran, peaking at $4.16 per gallon in April, but have since dropped, saving drivers an average of $2.16 per gallon. Oklahoma has the cheapest gas at $3.37, while California tops the charts at $5.83. State taxes, environmental fees, and transport costs contribute to the significant price differences. Airlines like Alaska Airlines are also feeling the impact, with fuel costs soaring up to 81% and a $193 million first-quarter loss. Experts predict varying price drops this summer and fall, with the key to relief being the reopening of the Strait of Hormuz.

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