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Gas Prices Surge to $4 Per Gallon in the U.S. Amid Global Tensions

KVIA••CNN Newsource
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The average price of gasoline in the United States has reached $4 per gallon for the first time since 2022, according to AAA. This increase, approximately $1 per gallon over the past month, is attributed to rising oil prices linked to the ongoing conflict in the Middle East. Crude oil prices have surged over 50% since March, exceeding $100 per barrel, driven by market fears of escalating tensions. This spike in fuel costs is significant for consumers and could impact transportation and living expenses across the country, including El Paso.

Key Details: • Gas prices hit $4 per gallon as of Tuesday. • Crude oil prices rose above $100 per barrel for the first time since July 2022. • Consumers should prepare for potential increases in transportation costs.

economy energy gas-prices inflation oil-market

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