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US gas hits over $4 per gallon

US gas hits over $4 per gallon

Gasoline prices in the United States have surpassed the four-dollar mark per gallon, due to renewed fighting between the United States and Iran, which has caused disruptions in oil flows through the Strait of Hormuz. Since the escalation began, the average gasoline price has risen by more than 30%, reaching today $4.0030 per gallon. U.S. military operations have focused on reducing Iran’s ability to attack commercial ships, while ships passing through the strait— a major route for transporting one-fifth of the world's oil trade— have been targeted. The escalation has led to decreased maritime navigation activity in the region, with ongoing tensions threatening the security of the global oil supply.

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