The average price of a gallon of gasoline in the United States has risen above $4 again, according to N12 journalist Assaf Rosenzweig. The increase comes as fighting with Iran resumes, reversing a decline that followed the US-Iran ceasefire agreement.
The average price of a gallon of gasoline in the United States has crossed the $4 mark again, N12 journalist Assaf Rosenzweig reported Monday. The increase comes as fighting in Iran resumes, following a period of relative calm after the US-Iran ceasefire agreement.
As The Zioneer reported earlier today, the price had crossed $4 for the first time since the ceasefire was signed. That earlier report came at 12:22 Jerusalem time. The new report, minutes later, frames the same crossing in the context of renewed hostilities.
The price had fallen below $4 in June, after the US-Iran memorandum of understanding, according to a previous report by Rosenzweig. The current spike reflects market jitters over the resumption of military operations between the US and Iran. It remains unclear whether the price will continue to climb or stabilize. The Zioneer will continue to track the situation.
2 developments
- StrongUS gas price falls below $4 for first time in over two months, after US-Iran MOU
- DevelopingBrent crude oil rises to $88 per barrel amid Iran tensions
- StrongReport: Israel fuel price expected to rise 25-30 agorot per liter, near 7.75 shekels
- StrongChannel 14: Israeli fuel price to jump to 8.09 shekels per liter on Saturday night amid renewed Gulf conflict
Source and signal
- Open-source intake