US gas prices reach $4.50 per gallon, highest level in nearly 4 years
• Average US gasoline prices have climbed to $4.50 per gallon, marking the highest level since 2022 and reflecting broader energy market pressures linked to Middle East tensions and OPEC production decisions. • The price surge comes amid ongoing negotiations between the Trump administration and Iran, which have created uncertainty in global oil markets and affected domestic fuel costs. • Energy analysts attribute the increase to geopolitical risk premiums, reduced supply confidence, and reduced refinery capacity following seasonal maintenance.
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