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The Economic Times

Economy / The Economic Times

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Gas prices soar past USD 4 for gallon of regular in US, highest since 2022

US gas prices have surpassed USD 4 a gallon for the first time since 2022, driven by soaring global fuel prices amid the Iran war. The national average now stands at USD 4.02, a significant increase attributed to crude oil price spikes and supply chain disruptions. This surge is exacerbating cost of living strains for consumers and businesses alike.

31 Mar 2026 1:26 pm