Oil prices surged as talks on reopening of strait of Hormuz remain gridlocked, sending prices $1 higher than last year
US gas prices rose to their highest level in four years on Thursday, reaching an average $4.18 a gallon at the pump as US-Israeli peace talks with Iran remain at a standstill.
The last time average US gas prices breached $4.15 a gallon was in April 2022, when oil prices soared shortly after Russia invaded Ukraine. Average gas prices are now $1 higher than just a year ago, when they were closer to $3.15 a gallon.
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This article was originally published by The Guardian and written by Lauren Aratani in New York.
Read original article on The Guardian