US Gasoline Prices Rise to $4.10 Per Gallon

According to data from the American Automobile Association (AAA), the average price of gasoline in the United States rose to $4.10 per gallon on April 4th, local time.

Latest Prices and Increases

Specific Price: The national average price of gasoline in the United States reached $4.10 per gallon.

Recent Change: This price is 12 cents higher than the previous week.

Event-Driven Increase: Since February 28th, due to the escalating situation in the Middle East, the cumulative increase in US gasoline prices has reached approximately 37%.

Main Reasons for the Increase

This significant increase in oil prices is directly related to the recent tense geopolitical situation in the Middle East.

Strait of Hormuz Traffic Disruptions: The Strait of Hormuz is one of the world’s most important oil shipping routes, handling approximately 20% of global oil trade. Recent disruptions to traffic in this route have severely impacted the oil supply chain. Middle East Oil Production Slowdown: Regional conflicts have slowed oil production activity in the region, further reducing global oil supply and pushing up prices.

State Price Differences

Gasoline prices vary significantly across US states due to factors such as taxes and transportation costs.

Highest Prices: California has the highest average gasoline price, approaching $5.92 per gallon.

Lowest Prices: Oklahoma has the lowest gasoline price, at $3.29 per gallon.