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Source:
The Fiscal Times
The Fiscal Times
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Gasoline prices in the US reached an average of $4 per gallon amid escalating tensions between the US and Iran, disrupting oil flows through the Strait of Hormuz. Prices have increased from below $3 per gallon before the conflict and remain elevated due to ongoing hostilities and geopolitical tensions, with some states experiencing even higher costs. Experts predict prices will likely continue rising and take months to return to pre-war levels.
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