The average cost of regular gasoline across the United States has climbed to $4.56 per gallon — the highest it's been in four years — primarily due to the 87-day shutdown of the Strait of Hormuz following military actions by the US and Israel against Iran that commenced on February 28. AAA confirmed this figure on Friday. The CEO of ADNOC cautioned this week that even if a peace agreement is achieved today, complete oil shipments through the Strait are not expected to resume until the first or second quarter of 2027, indicating that American motorists will endure several more months of heightened prices, irrespective of any diplomatic advancements.
