U.S. Gas Prices Break $4 Mark, Highest Since August 2022

Jin10 Data, March 31 — According to The New York Times, on Tuesday, the average price of gasoline in the United States surpassed $4 per gallon, the highest level since August 2022. Since the start of the Middle East conflict, gasoline prices have been nearly continuously rising, steadily eroding American consumers' purchasing power. According to data from the American Automobile Association (AAA), the average price of regular gasoline has increased by 35% since late February. However, due to factors such as state taxes, distribution costs, and refining profits, drivers across the country face different prices at the pump. On Tuesday, the average price of regular gasoline in California was $5.89 per gallon, the highest in the nation. Meanwhile, in Kansas and Oklahoma, the states with the lowest prices, drivers pay an average of only $3.26 per gallon. Former President Trump has been trying to reassure the American public, claiming that the crisis is temporary. Experts say that only when oil and gasoline supplies can once again flow freely through the Strait of Hormuz from the Persian Gulf will oil prices see a substantial decline. (From Jin10 Data APP)