Gasoline prices in the U.S. rose above $4 per gallon on Monday for the first time in over a month as renewed fighting between the U.S. and Iran once again disrupted the flow of oil through the Strait of Hormuz and drove up crude prices once again.
Gas prices in the U.S. crossed the $4 mark for the first time since mid-June as renewed fighting between the U.S and Iran drove up global crude prices.
According to AAA’s tracker, the national average gas price inched slightly above $4 per gallon on Monday—up from $3.87 per gallon last week.
National average diesel prices—which is used to fuel heavy equipment, trucks and agricultural vehicles—rose to $5.10 per gallon on Monday—up from $4.87 last week.
The rise in national average gasoline prices tracks with the jump in global crude oil prices—with the benchmark Brent Crude futures index briefly hitting $90 per barrel early on Monday.
