An individual fuels their car at a gas station in New York on April 21. Spencer Platt/Getty Images
Following a short break, gas prices in the US are now rising once more.
Gasoline prices rose by an additional 9 cents to reach $4.39 for a gallon of regular. It represented the largest single-day increase in prices over the past six weeks.
US gas prices have reached their highest point since July 2022, based on information from AAA.
Gas prices have risen by 33 cents, or 9%, over the past week, and they have increased by 47% since the onset of war in Iran.
Oil futures indicate that higher prices are on the horizon. Brent crude, the global standard, has risen by another 1%, nearly reaching $112 a barrel.
Gas prices decreased for two weeks following the commencement of the ceasefire, resulting in an average of $4.02 by April 22. However, worries about the collapse of peace negotiations to finalize an agreement to conclude the war and reopen the Strait of Hormuz have caused prices to surge once more.
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