US Gasoline Prices Rise to $3.11 Amid Iran Tensions and Seasonal Fuel Changes

Gasoline prices in the United States rose by 11 cents overnight to about $3.11 per gallon, driven by rising crude oil prices amid escalating tensions between the US and Iran. The increase also reflects seasonal shifts to summer fuel blends by refiners. Oil futures reached their highest levels in over a year following Iran's retaliatory attacks in the Middle East, raising concerns about potential disruptions to global oil supply and inflationary pressures ahead of upcoming US elections.