US average gasoline price crosses $4 per gallon for first time since ceasefire

The average price of a gallon of gasoline in the United States crossed the $4 mark for the first time since the US-Iran ceasefire, according to reports.

The average price of a gallon of gasoline in the United States has risen above $4 for the first time since the US-Iran ceasefire, according to data tracked by The Zioneer. The previous crossing below $4 occurred in mid-June after the signing of the US-Iran memorandum of understanding, as The Zioneer reported on June 18. The return to above $4 signals renewed upward pressure on fuel prices, which had surged 40.5% year-on-year in May amid the broader energy crisis. The move may affect consumer sentiment and inflation expectations ahead of the midterm elections.

2 developments

1. 12:30 · 20 JulLatest

   Price increase linked to resumed fighting with Iran.

2. 12:22 · 20 Jul

   US average gasoline price crosses $4 per gallon for first time since ceasefire

• Strong21:48 · 18 JunUS gas price falls below $4 for first time in over two months, after US-Iran MOU
• Developing13:44 · 18 JulBrent crude oil rises to $88 per barrel amid Iran tensions
• Strong17:39 · 23 JulReport: Israel fuel price expected to rise 25-30 agorot per liter, near 7.75 shekels
• Strong21:09 · 30 JulChannel 14: Israeli fuel price to jump to 8.09 shekels per liter on Saturday night amid renewed Gulf conflict

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