Gas prices across the United States have surged to their highest point in nearly four years, with the national average reaching $4.23 per gallon for regular unleaded. The sharp increase is driven by stalled negotiations to end the ongoing war between the United States and Iran, which has disrupted global oil supplies.
Experts warn that the timing is particularly concerning as the summer travel season approaches, a period when demand for gasoline typically spikes. NBC's Christine Romans reported on the trend, noting that consumers are already feeling the pinch at the pump.
The last time prices were this high was in 2022, when a combination of post-pandemic demand and geopolitical tensions sent costs soaring. Analysts predict that unless a diplomatic resolution is reached soon, prices could climb even higher, putting additional strain on household budgets.