1 min read4 sourcesBearish
U.S. gas prices poised to hit $4 as Middle East tensions spike oil
Crude oil prices rallied about 12% over three days following a collapse in U.S.-Iran ceasefire talks, fueling expectations that U.S. gasoline prices will breach $4 per gallon within the next 7-10 days. Renewed Middle East hostilities and tight global fuel markets are pushing both crude and pump prices higher after a recent period of relief for drivers.
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