Commodities
$4.10 Gasoline Average: US Prices Hit Record High Amid Crude Oil Instability
Gas prices in the United States have reached new heights this week, with the national average hitting $4.10 per gallon, according to AAA.
This marks the highest price on record for this date and sets August up as one of the priciest months ever.
The main driver behind these rising prices is high crude oil costs, which remain in the $80-per-barrel range due to continued instability in the Strait of Hormuz.