U.S. Gasoline Prices Climb Back Above $4 Per Gallon

The national average price of gasoline in the United States topped $4 per gallon once again on Monday following the crude oil price rally of the past week amid the renewed hostilities in the Middle East and the fresh de facto closure of the Strait of Hormuz. As of July 20, the national average price for a gallon of regular gasoline in the United States was $4.0030, according to AAA data. Prices are now up from $3.8720 per gallon on Monday last week, following a week of re-escalation in the Middle East with Iranian attacks on vessels in the Strait…