America's motor fuel prices rise to four-year highs
Gasoline and diesel prices reached four-year highs as the war with Iran entered its 53rd day and the Strait of Hormuz remained mostly closed to vessel traffic.
American prices for gasoline and diesel were at four-year highs on Tuesday as the war with Iran moved into its 53rd day and the Strait of Hormuz remained mostly closed to vessel traffic. Despite the domestic increase, U.S. motor fuel prices remained below levels seen in the rest of the world.