Gas prices eclipse $4 a gallon in the US, the highest since 2022 - AP News

Gas prices across the United States have surged above $4 per gallon, reaching their highest level since 2022. The surge reflects tightening global oil supplies and geopolitical tensions that have pressured crude prices upward in recent months. Higher fuel costs directly increase transportation and shipping expenses, which can ripple through the economy and affect consumer prices for goods and services. The price spike comes as American drivers head into the spring travel season, potentially dampening consumer spending on discretionary purchases. Analysts are monitoring whether crude prices stabilize or continue climbing, which will determine whether pump prices remain elevated through the summer months.