U.S. gasoline prices nearing 2022 high
Gasoline prices in the United States have risen to $4.44 per gallon, approaching the peak recorded in 2022 during the energy crisis, due to disruptions in oil supplies amid the war on Iran. Additionally, the price of diesel has reached a historic high of approximately $6.40 per gallon, an increase of about 72.5% compared to the previous year. The rise in these prices is leading to higher shipping and transportation costs, impacting the prices of goods, while security risks and tensions continue to affect shipping traffic through the Strait of Hormuz.
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