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Business

AAA nationwide common value of standard fuel soars as Iran battle stays unsettled

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Last updated: April 29, 2026 5:57 pm
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Published: April 29, 2026
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AAA nationwide common value of standard fuel soars as Iran battle stays unsettled


Spero Georgedakis, CEO and founding father of Good Greek Transferring and Storage, joins ‘Mornings with Maria’ to debate file diesel costs, how rising gasoline prices are hitting truckers and shifting firms and the rising pressure on small companies.

The AAA nationwide common value for normal fuel has soared to $4.229 as of Wednesday, the very best notched thus far in the course of the ongoing tensions between the U.S. and Iran.

Whereas that quantity is greater than a greenback greater than the AAA nationwide common of simply $3.161 a yr in the past, it’s nonetheless considerably decrease than the very best recorded AAA nationwide common of $5.016 set in June 2022 throughout President Joe Biden’s White Home tenure.

White Home spokeswoman Taylor Rogers informed Fox Information Digital in a press release, “The President introduced oil and fuel costs all the way down to multi-year lows at file pace, and as site visitors within the Strait of Hormuz normalizes, these vitality costs will plummet as soon as once more. President Trump has at all times been clear that these are short-term, non permanent disruptions.”

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Gasoline costs are displayed at a Brooklyn fuel station on April 28, 2026, in New York Metropolis.  (Spencer Platt/Getty Photos / Getty Photos)

A White Home official knowledgeable Fox Information Digital that Trump met with a number of oil executives on Tuesday “the place they mentioned how the US is doing higher than others, and the President is doing all the appropriate issues proper now – Jones Act, DPA [Defense Production Act], and so forth.”

Early on Wednesday morning, the president warned in a Reality Social submit, “Iran can’t get their act collectively. They don’t know the right way to signal a nonnuclear deal. They higher get sensible quickly!”

BUDGET AIRLINES ASK FEDERAL GOVERNMENT FOR $2.5B IN AID TIED TO RISING JET FUEL COSTS

Gas pump

A person makes use of a fuel pump at a Shell fuel station in Houston, Texas, on March 16, 2026. (RONALDO SCHEMIDT / AFP by way of Getty Photos / Getty Photos)

His submit included a graphic that depicted him sporting sun shades whereas holding a gun as explosions go off behind him. “NO MORE MR. NICE GUY!” textual content blares atop the meme.

The U.S. army has been implementing a blockade towards Iranian ports for greater than two weeks.

“The blockade is considerably more practical than the bombing. They’re choking like a stuffed pig. And it’ll be worse for them. They cannot have a nuclear weapon,” Trump reportedly informed Axios in an interview revealed Wednesday.

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President Trump

President Donald Trump in the course of the White Home Correspondents’ Affiliation (WHCA) dinner in Washington, D.C., on Saturday, April 25, 2026.  (Yuri Gripas/Abaca/Bloomberg by way of Getty Photos / Getty Photos)

CLICK HERE TO GET FOX BUSINESS ON THE GO

“They wish to settle. They do not need me to maintain the blockade. I do not wish to [lift the blockade], as a result of I do not need them to have a nuclear weapon,” he reportedly mentioned.

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