The national average price for a gallon of regular gasoline in the US has surpassed $4 for the first time since August 2022, reaching $4.02. This surge is largely attributed to the ongoing Iran war and its impact on global fuel prices.

• The average price of regular gasoline has hit $4.02, an increase of over $1 since the conflict began.
• AAA, the motoring organisation, reported the price increase.
• The closure of the Strait of Hormuz and higher crude oil costs are significant contributing factors, alongside increased demand from the spring break season.