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US gasoline averages $4.47 per gallon
The average price of a gallon of gasoline in the United States has risen to over $4.47, marking an increase of approximately 50% since the start of the war with Iran. This surge is a result of disrupted energy supplies and the blocking of the Strait of Hormuz, which has led to rising oil prices and expectations of higher commodity costs, nearing their highest levels since the fuel crisis in 2022. Additionally, diesel prices reached record highs of $6.51 per gallon. The rise in fuel prices is considered a major factor influencing transportation costs and the prices of goods in the U.S. market.
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