Oil Breaches $115 As Qatar Reports Iranian Attack Caused ‘Extensive Damage' To Energy Hub

The national average gas price rose to $3.884, a 32.5% increase from the prior month, while diesel nearly hit $5.10 after breaching $5 two days earlier. Rapid fuel-price gains present upward pressure on inflation and discretionary spending, posing short-term headwinds for consumers and transportation/logistics margins.

Analysis

The national average gas price rose to $3.884, a 32.5% increase from the prior month, while diesel nearly hit $5.10 after breaching $5 two days earlier. Rapid fuel-price gains present upward pressure on inflation and discretionary spending, posing short-term headwinds for consumers and transportation/logistics margins.