Average US gas prices have hit a new high at $4.23 a gallon, their highest since 2022 and a record since the start of the war with Iran, according to the motor club AAA.
The price of Brent crude, the benchmark that influences the price of gasoline in the US, now stands at $114.60 a barrel, up nearly 25% from the recent low since mid-April. US gas prices a year ago averaged $3.16 a gallon.
The milestone comes as US officials contemplate an extended blockade by the US and Iran of the strait of Hormuz, the transit chokepoint for 20% of the world’s oil.
“A significantly bigger risk arises if higher gasoline and oil prices leak into other necessities such as grocery and utility prices – though so far there is little evidence for this,” said Bank of America analysts in an NBC News report.
Economic Glance
More than a dozen newborn lambs cavorted around a fenced-in yard beneath the scrutiny of their mothers and a few watchful students taking turns attending to them.
Maggie was faced with a tough choice in February 2025: quit her job at the US office of personnel management or be unceremoniously fired.
David West raised four kids in Los Angeles working as a Hollywood cinematographer — no mean feat in such a pricey city. But a few years ago, his life took a hard turn.
The US labor market picked up in March as employers showed signs of resilience amid the US-Israel war in Iran.





























