Gas prices are surging to their highest level of the year as the Iran war grinds on
Gas prices are surging to their highest level of the year as the Iran war grinds on
The national average has climbed 40% since the conflict began in late February, driven by disruptions to Strait of Hormuz shipping
Spencer Platt / Getty Images
U.S. gas reached their highest level in four years on Tuesday, with the national average hitting $4.18 per gallon as peace talks between Washington and Tehran remained deadlocked over the Strait of Hormuz and Iran's nuclear program.
April 2022 — when Russia's invasion of Ukraine sent fuel costs surging to a then-record $4.11 per gallon — marks the last comparable price spike. According to The New York Times, no single day had seen a larger percentage jump in over a month than Tuesday's 1.6% rise. The average has risen about 40% since........
