US Gas Prices Top $4 for First Time Ever in August
US average gas prices have broken a new record by staying above $4 per gallon for every day in August. This milestone marks a first-time occurrence, as reported by market strategist Charlie Bilello.
The ongoing US-Iran war has been a significant contributor to the disruption of energy markets, leading to higher gas prices.
According to Bilello, the United States Oil Fund LP ETF (USO) and other oil-related assets have been affected by the market volatility.