US gasoline prices climbed above the $4-per-gallon mark for the first time since the summer of 2022, as global energy markets remain unsettled amid escalating tensions involving Iran, which drove a surge in crude oil costs.
The national average reached about $4.01 per gallon, compared to $2.98 a month earlier, according to data from the American Automobile Association (AAA), as cited by The Washington Post.
The sharp increase reflects renewed pressure on energy markets, bringing prices closer to levels seen during the 2022 inflation peak, when the impact of the COVID-19 pandemic and Russia’s invasion of Ukraine pushed gasoline above $5 per gallon.
US gasoline prices climbed above the $4-per-gallon mark for the first time since the summer of 2022, as global energy markets remain unsettled amid escalating tensions involving Iran, which drove a surge in crude oil costs.
The national average reached about $4.01 per gallon, compared to $2.98 a month earlier, according to data from the American Automobile Association (AAA), as cited by The Washington Post.
The sharp increase reflects renewed pressure on energy markets, bringing prices closer to levels seen during the 2022 inflation peak, when the impact of the COVID-19 pandemic and Russia’s invasion of Ukraine pushed gasoline above $5 per gallon.
