Oil Nears $100 Per Barrel Again As Iran-Backed Houthis Target Red Sea Shipping

U.S. national average gas prices rose to $4.09/gal on Thursday, up from $3.94/gal last week (+15 cents, ~+3.8%). Prices also crossed above $4/gal on Monday for the first time in over a month, signaling renewed upward pressure on energy costs.

Analysis

U.S. national average gas prices rose to $4.09/gal on Thursday, up from $3.94/gal last week (+15 cents, ~+3.8%). Prices also crossed above $4/gal on Monday for the first time in over a month, signaling renewed upward pressure on energy costs.