Iran war: US gasoline prices surge as conflict escalates

The national average price of gasoline in the US has hit $4 a gallon for the first time since 2022, according to GasBuddy. Plus, Iran reportedly passed a plan to charge a fee for ships crossing the Strait of Hormuz.

Key takeaways

Quick scan — what you need to know:

• The national average price of gasoline in the US has hit $4 a gallon for the first time since 2022, according to GasBuddy.
• Plus, Iran reportedly passed a plan to charge a fee for ships crossing the Strait of Hormuz.

Background

What led here, in plain terms:

• rait of Hormuz. The national average price of gasoline in the US has hit $4 a gallon for the first time since 2022, according to GasBuddy. Plus, Iran reportedly passed a plan to charge a fee for ships crossing the…
• Full context often emerges as officials, markets, or courts add updates.

Why it matters

Why readers and decision-makers should care:

• The national average price of gasoline in the US has hit $4 a gallon for the first time since 2022, according to GasBuddy.
• Plus, Iran reportedly passed a plan to charge a fee for ships crossing the Strait of Hormuz.