Gasoline prices in the U.S. rose to an average of $3.48 per gallon, increasing 48 cents since last week and 58 cents from a month ago, driven by oil prices exceeding $100 per barrel due to the U.S.-Israeli conflict with Iran. Diesel prices also surged to $4.66 per gallon. Experts warn that gas prices may continue to rise due to seasonal demand and ongoing instability in the Strait of Hormuz, critical for oil transport. The U.S. government is taking steps to insure maritime shipping in the region to mitigate supply risks.
Want More Context? 🔎
Loading PerspectiveSplit analysis...
