Gas prices in Pennsylvania have jumped overnight, with the average price for a gallon of regular is now at $4.34, up two cents from Wednesday. Diesel prices are approaching $6, currently sitting at $5.97. Global energy and economic crisisThis increase comes as the director of the International Energy Agency warns of a global energy and economic crisis amid the ongoing war in Iran. “High oil prices are causing major ripple effects beyond the Middle East,” the director said. The conflict is affecting the supply of fertilizers and petrochemicals and has prompted leaders to search for alternative energy sources. Human rights activists say countries that rely heavily on imports from the Gulf are being hit especially hard by the ongoing conflict. Parts of Asia and the Global South are experiencing food shortages as a result of the crisis.
Gas prices in Pennsylvania have jumped overnight, with the average price for a gallon of regular is now at $4.34, up two cents from Wednesday.
Diesel prices are approaching $6, currently sitting at $5.97.
Global energy and economic crisis
This increase comes as the director of the International Energy Agency warns of a global energy and economic crisis amid the ongoing war in Iran.
“High oil prices are causing major ripple effects beyond the Middle East,” the director said.
The conflict is affecting the supply of fertilizers and petrochemicals and has prompted leaders to search for alternative energy sources.
Human rights activists say countries that rely heavily on imports from the Gulf are being hit especially hard by the ongoing conflict.
Parts of Asia and the Global South are experiencing food shortages as a result of the crisis.