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Gasoline Surpasses $4.32 per Gallon
The average price of a gallon of gasoline in the United States has surpassed $4.32, the highest level since the start of the war against Iran, marking an increase of approximately 45%. This rise is driven by higher oil prices and global energy supply disruptions. Additionally, the price of diesel reached a record high of $7.39 per gallon, which could increase transportation and goods costs. These increases come amid concerns over the impact of Houthi attacks and the disruption of the Saudi East-West pipeline on global oil supplies, potentially leading to a significant decrease in supplies, with forecasts indicating that Brent crude could rise to $130 if the issues persist.
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