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Gasoline and diesel prices in the US have risen significantly since the start of the Iran conflict in February, influenced by disruptions in global oil supplies caused by geopolitical tensions and the Russia-Ukraine war. With elections approaching, President Trump has taken measures such as allowing tax-exempt red dye diesel on highways and encouraging states to cut fuel taxes to help reduce prices. Despite these efforts, experts say that lasting relief is unlikely without resolving broader geopolitical issues, and high fuel costs are expected to persist for the near future.
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