The United States (US) national average retail petrol price has crossed the $4 per gallon ($1 per litre) mark for the first time in over three years, highlighting growing pressure on consumers as global tensions escalate.
According to a Reuters report, data from GasBuddy showed that prices reached the milestone on Tuesday the first time since August 2022.
The surge comes amid heightened instability in global energy markets triggered by the ongoing conflict involving the United States, Israel and Iran.
Analysts describe the $4-per-gallon level as a key psychological threshold for consumers, last seen after the Russian invasion of Ukraine disrupted global oil supplies.
The latest spike has been driven in part by supply fears following Iran’s reported closure of the Strait of Hormuz, a critical route for global oil shipments.
Reuters noted that petrol prices have risen by about $1.06 per gallon, a 36 percent increase since late February, when the US and Israel launched attacks on Iran.
The rising cost of fuel is now adding to financial strain on American households already dealing with inflation across essential goods.
Meanwhile, Trump said on March 30 that he would prefer to “take the oil” in Iran, as hostilities between the countries continue.
