Gas prices continue to soar in New Hampshire and across the nation more than a month after the Iran war began.According to GasBuddy, a gallon of regular unleaded gas costs $3.85 in New Hampshire, lower than the national average of $4.06.”At least for now, New Hampshire’s average gas price continues to go up along with most of the country,” said Patrick De Haan, head of petroleum analysis at GasBuddy.Experts expect prices to continue rising in the coming weeks if global conditions remain unchanged and as gasoline is switched to summer blends. Iran has closed the Strait of Hormuz, which is where one-fifth of the world’s daily oil comes from. New Hampshire drivers are remaining optimistic and trying to conserve where they can, hoping there is an end in sight. >> Download the free WMUR app to get updates on the go <<"I keep the speed down to just about do whatever I reasonably can," said New Hampshire driver Bob Bacon.In New Hampshire, gas comes from the Irving Oil Refinery in New Brunswick, Canada, which supplies about 80% of New England's fuel. GasBuddy said coastal communities are hit the hardest because the ships carrying fuel can easily be diverted. "Those barges can simply go somewhere else," De Haan said. "And that's the challenge with oil is that unlike electricity, it can be put on a barge. It can be put on a vessel that carries it very far distances."De Haan said there was a temporary waiver of the Jones Act, which could allow New Hampshire to access refineries by the Gulf Coast, but he said that's unlikely. "It does open up new potentials, but most of the time, the muscle memory has already been built," he said.The rising cost of oil not only affects prices at the pump. It also affects home heating oil and diesel, which are essential to the U.S. economy.
Gas prices continue to soar in New Hampshire and across the nation more than a month after the Iran war began.
According to GasBuddy, a gallon of regular unleaded gas costs $3.85 in New Hampshire, lower than the national average of $4.06.
“At least for now, New Hampshire’s average gas price continues to go up along with most of the country,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
Experts expect prices to continue rising in the coming weeks if global conditions remain unchanged and as gasoline is switched to summer blends. Iran has closed the Strait of Hormuz, which is where one-fifth of the world’s daily oil comes from.
New Hampshire drivers are remaining optimistic and trying to conserve where they can, hoping there is an end in sight.
>> Download the free WMUR app to get updates on the go <<
“I keep the speed down to just about do whatever I reasonably can,” said New Hampshire driver Bob Bacon.
In New Hampshire, gas comes from the Irving Oil Refinery in New Brunswick, Canada, which supplies about 80% of New England’s fuel. GasBuddy said coastal communities are hit the hardest because the ships carrying fuel can easily be diverted.
“Those barges can simply go somewhere else,” De Haan said. “And that’s the challenge with oil is that unlike electricity, it can be put on a barge. It can be put on a vessel that carries it very far distances.”
De Haan said there was a temporary waiver of the Jones Act, which could allow New Hampshire to access refineries by the Gulf Coast, but he said that’s unlikely.
“It does open up new potentials, but most of the time, the muscle memory has already been built,” he said.
The rising cost of oil not only affects prices at the pump. It also affects home heating oil and diesel, which are essential to the U.S. economy.
