00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. gas prices rose above $4 a gallon for the first time since 2022 as the Iran war drove
00:08a
00:08surge in global fuel costs, according to AP. AAA said the national average for regular gasoline
00:13rose to $4.02, up more than $1 since the war began and the highest level since the period
00:18following Russia's invasion of Ukraine. Crude oil prices spiked as supply chain disruptions
00:23and halted tanker traffic in the Strait of Hormuz limited supply. Diesel climbed to $5.45 a gallon
00:28from $3.76. Higher fuel costs are raising expenses for households and businesses and could push
00:33up prices for goods and services. The United Postal Service is seeking an 8% surcharge on
00:38some deliveries, while the International Energy Agency plans to release 400 million barrels
00:42from reserves. For all things money, visit Benzinga.com.
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