Gas prices top $4 a gallon again as U.S.-Iran conflict escalates

Gas prices deed $4 a gallon again arsenic the U.S. and Iran launched more attacks.

The nationalist mean for a gallon of state reached $4.003 connected Monday, marking the archetypal clip successful implicit a period it has crossed that threshold, according to AAA data. The terms represents a nationalist average, meaning drivers successful immoderate states are paying much than $4 a gallon, portion others are paying less. 

The nationalist mean for diesel, which influences the outgo of groceries and different goods transported connected trucks, reached $5.11 a gallon connected Monday. 

Gas prices escalated aft the warfare successful Iran began connected Feb. 28, hitting a caller precocious of $4.56 successful May. Prices began to mean arsenic negotiations progressed betwixt the U.S. and Iran, with the 2 sides reaching an interim deal successful June.

However, lipid and state prices are creeping higher arsenic warring betwixt the U.S. and Iran intensifies, with the 2 sides vying for power of the Strait of Hormuz. 

Oil prices, which power the terms astatine the pump, person been rising since aboriginal July, CBS News' vigor tracker shows. Brent crude, the planetary standard, roseate 3.2% to $90.95 per tube Monday and benchmark U.S. crude climbed 2.8% to $84.04 per barrel.

The emergence successful state prices is apt to measurement connected voters arsenic U.S. midterm elections approach. In a Gallup poll released past month, two-thirds of Americans surveyed said the outgo of substance has caused fiscal hardship for their household.

Edited by Aimee Picchi

The Associated Press contributed to this report.

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• Iran
• Gas Prices
• Oil and Gas