US Gasoline Costs 50% More Than Before the Iran War
US gasoline prices have risen 50% compared to levels before the Iran war, the Associated Press reports.
Ongoing tensions in the Strait of Hormuz have disrupted global crude oil supplies, keeping energy prices elevated. Although the US has declared the Iran conflict terminated, normal navigation through the strait will take time to restore. High fuel prices are putting significant pressure on household spending and business operating costs across America.