Rising crude oil prices driven by renewed Middle East tensions could push the U.S. national average gasoline price above $4 per gallon within the next week.

U.S. gasoline prices have begun rising again as renewed conflict involving Iran and continued attacks on Russian energy infrastructure tighten global oil and fuel supplies.

US-Iran tensions raise fears of $4 gas as the Strait of Hormuz is closed. Crude oil reaching a new all-time high by December 31 at 12.5% YES.