The continued impasse over negotiations for a definitive ceasefire between the United States and Iran and the permanent closure of the Strait of Hormuz has raised the price of a barrel of oil and resulted in a rise in the price of gasoline for Americans to levels not seen since August 2022.
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According to daily monitoring carried out by the American Automotive Association (AAA), the average price of a gallon of gasoline in the country today reached US$4.229. This level was last observed in the months following Russia’s invasion of Ukraine.
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In some North American states, however, this value is already well above US$5, such as California (US$5,983), Hawaii (US$5,634) and Washington (US$5,539).
The record for the average price of gasoline in the USA is from June 2022, when a gallon cost US$5.016, attributed to the effects of the energy shock caused by Russia’s invasion of Ukraine.
