Gasoline prices have risen sharply since the US war with Iran began in February, with the average price of regular gasoline at $4.36 in September, according to the U.S. Energy Information Administration. A new calculator from the Get the Facts Data Team shows how many gallons a user's money buys at each month's average price. The Bureau of Labor Statistics reported that the gasoline index was up 34.2% year over year in September, and a 9.1% monthly surge in the index accounted for over half of the overall monthly increase. Overall inflation rose to 3.7% year over year as oil prices stayed elevated.
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- Gas price calculator shows how far your money goes
A new calculator from the Get the Facts Data Team shows how many gallons a given amount of money buys at the pump, based on the EIA's monthly national average price for regular gasoline. Regular gasoline averaged $4.36 in September, and the gasoline index was up 34.2% year over year. The BLS reported that gasoline rose 9.1% in September, accounting for over half of the month's overall increase, and overall inflation reached 3.7% year over year as the ongoing U.S. war with Iran keeps oil prices elevated.
- Iran conflict blamed for US energy shock and pressure on gas and grocery costs
The US Treasury cited Treasury Secretary Scott Bessent's view that the current price surge is an energy shock tied to the Iran conflict and that prices will fall after the conflict ends. The Bureau of Labor Statistics reported consumer prices rose 0.6% in September and 3.7% over 12 months, with energy up 20.4% and gasoline up 34.2% from a year earlier, while grocery prices fell 0.1% for the month. Core CPI rose 2.6% over the year, up from 2.4% in August, and rent rose 2.8%, so the article notes the data do not support claims that core inflation or rents are falling. Brent crude settled at $109.86 a barrel on October 16, and freight costs for one planned US-to-Japan tanker voyage equaled $40.50 per barrel. Agricultural commodity prices rose 13% in the third quarter, and the International Fund for Agricultural Development warned that disrupted fertilizer and transport could push food prices higher.
- Gas price calculator shows how far your money goes
Gas prices have risen sharply since the U.S. war with Iran began in February, with the EIA's average regular gasoline price at $4.36 in September. The Get the Facts Data Team built a calculator that shows how many gallons a given amount of money buys at the pump, based on each month's national average price. The BLS reported that the gasoline index rose 34.2% year over year in September, and a 9.1% monthly jump in gasoline accounted for over half of the overall monthly increase in prices. Overall inflation worsened to 3.7% year over year as oil prices stay elevated amid the ongoing conflict.
- Gas price calculator shows how far your money goes
The average U.S. price of regular gasoline was $4.36 in September, according to the Energy Information Administration, after rising sharply since the U.S. war with Iran began in February. The Bureau of Labor Statistics said the gasoline index was up 34.2% year over year, and its 9.1% monthly surge accounted for over half of the overall monthly increase, with headline inflation at 3.7%. The Get the Facts Data Team's new calculator lets users enter typical pump spending to see how many gallons it would have bought at the EIA's monthly average price.
- Gas price calculator shows how far your money goes
Gas prices have sharply risen since the U.S. war with Iran began in February, with the average price of regular gasoline at $4.36 in September, according to the EIA. The Get the Facts Data Team's new calculator shows how many gallons a given amount of spending buys at the pump, based on EIA's monthly national average prices. The BLS reported that the gasoline index rose 34.2% year over year in September, and its 9.1% surge accounted for over half of the monthly increase in all items. Overall inflation worsened to 3.7% year over year as the ongoing war keeps oil prices elevated.
- Gas price calculator shows how far your money goes
Gas prices have risen sharply since the U.S. war with Iran began in February, with the average price of regular gasoline at $4.36 per gallon in September according to the U.S. Energy Information Administration. The article introduces a calculator that shows how many gallons a set amount of money buys at each month's national average price, allowing comparisons with earlier periods. It notes that the gasoline index was up 34.2% year over year in September according to the Bureau of Labor Statistics, and that overall inflation rose to 3.7%.
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