00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Gasoline prices in the U.S. rose to an average of $4.54 per gallon on Wednesday,
00:08the highest level since July 2022, according to CBS News.
00:13Regular gas prices have climbed 52%, or $1.56 per gallon since late February,
00:21and are nearing the record $5.02 per gallon reached in June 2022.
00:25On Wednesday, Brent crude fell 6.4% to $102.83 per barrel,
00:32and West Texas Intermediate dropped 6% to $96.11 on hopes for a U.S.-Iran agreement.
00:40Concerns over supply disruptions and the closure of the Strait of Hormuz
00:44continued to support higher fuel costs.
00:47Analysts and energy experts warned elevated gasoline prices could persist.
00:51For all things money, visit Benzinga.com.
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