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أخبار الخليج
Gas prices exceed $4 amid Middle East tensions
Gasoline prices at U.S. stations have exceeded $4 per gallon due to renewed fighting between the United States and Iran, which has caused additional market upheavals and led to a sharp price surge since the end of February, increasing by about 30%. This has directly impacted fuel inventories and production costs. The rise is attributed to escalating political tensions amid a 16% increase in crude oil prices this week, coupled with reduced Russian refining capacity and declining U.S. fuel stocks, reflecting the war's effect on global energy markets.
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