Gas Prices Rise Because of War
The price of gasoline in the United States has gone above $4 per gallon because of the war with Iran. In California, drivers pay nearly $6 per gallon. Some gas stations in Los Angeles charge up to $8. Big shipping companies like Amazon, FedEx, and UPS have added extra fees. Amazon now charges sellers 3.5% more, and FedEx and UPS charge over 26% more for fuel.
The International Energy Agency( IEA) —an organization that watches the world's energy markets says this is the biggest oil supply problem in history. Gas station owners are not making more money even though prices are higher. Their costs change many times each day, so it is hard to keep up. In California, a special cleaner fuel required in summer makes prices even higher.
Many Americans are trying to save money on fuel. A worker in Los Angeles saves gas by letting his car roll downhill without using the engine. A music manager rides a motorcycle to work some days. A car service owner uses her electric cars more often. Experts think 30%to40% of sellers on Amazon will add the extra costs to their product prices. This means everyday items like soap and toilet paper could cost more.