Gas prices at fuel stations in the United States have surpassed the threshold of four dollars per gallon today, amid renewed hostilities between the United States and Iran, leading to further disruption of energy flows through the Strait of Hormuz, which is a vital route for global oil supplies.

The national average retail price for gasoline has risen by more than 30% since the United States and Israel launched an attack on Iran at the end of February.

Financial burden

According to data released by the American Automobile Association, the average price per gallon today is $4.0030.

The last time gas prices exceeded four dollars per gallon, a price that represents a financial burden for many families, was in late March after Iran halted shipping through the Strait of Hormuz, then prices fell below this threshold in June after the United States and Iran signed a memorandum of understanding to end the war.

Gas prices have increased alongside crude oil prices, which jumped by about 16% this week after the collapse of the ceasefire between Washington and Tehran in early July, and retail fuel prices typically move in the same direction as crude oil prices, as crude represents the main cost of fuel production.

Gas prices at fuel stations in the United States have surpassed four dollars per gallon today, amid renewed hostilities between the United States and Iran; leading to further disruption of energy flows through the Strait of Hormuz, which is a vital route for global oil supplies.

The national average retail price for gasoline has risen by more than 30% since the United States and Israel launched an attack on Iran at the end of February.

Financial Burden

According to data released by the American Automobile Association, the average price per gallon today is $4.0030.

The last time gas prices exceeded four dollars per gallon, a price that represents a financial burden for many families, was in late March after Iran halted shipping through the Strait of Hormuz, then prices fell below this threshold in June after the United States and Iran signed a memorandum of understanding to end the war.

Gas prices have increased alongside crude oil prices, which jumped by about 16% this week after the collapse of the ceasefire between Washington and Tehran in early July, and retail fuel prices typically move in the same direction as crude oil prices, as crude represents the main cost of fuel production.