According to AAA, the average gas price in the US has risen to $4.018 per gallon, marking the highest point since August 2022. This increase of over 30% follows the US and Israel's military actions against Iran in late February, which have disrupted global oil supply routes via the Strait of Hormuz. In response, the EPA has temporarily relaxed some fuel regulations to alleviate the pressure, while officials caution that diesel prices for trucks and freight trains are nearing $5 per gallon. With the situation in Iran still unresolved, experts suggest that American motorists and businesses should prepare for ongoing fluctuations in fuel prices in the coming weeks.
