US gasoline prices jump to the highest level in 4 years
Gasoline prices in the United States rose above an average of $4 per gallon for the first time since August 2022, in one of the most prominent indicators of the suffering of consumers in the world’s largest economy as a result of Oil prices US crude oil is above $100 a barrel for the first time since 2022, and the rise has been sharper in the prices of products used by consumers such as gasoline and diesel. Diesel prices have risen above $5.40 per gallon, which represents a major weakness for the economy as a whole.
The sharp rise in fuel prices poses a political risk to the administration of President Donald Trump in the year of the midterm elections next November.
As a result, the White House took a series of measures in an attempt to rein in prices, including a 60-day exemption from… "Jones Act"which allows foreign-registered ships to transport fuel between US ports, in addition to an exemption for the fifth year in a row from requirements for fuel price fluctuations during the summer, using cheaper E15 gasoline.
But neither of these steps resulted in a significant decrease in Fuel prices So far, about 61% of adults have expressed dissatisfaction with Trump’s handling of the economy, according to a poll conducted by the agency "Associated Press" From 19 to 23 March.
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