The nationwide average price of regular unleaded gasoline rose to $4.54 a gallon on Tuesday, the American Automobile Association said, the highest since July 2022 and less than 50 cents below the record of $5.01 set in June of that year. The average is $1.12 more than drivers were paying a year ago.
The milestone came the same day that oil prices fell sharply on reports of progress toward a deal to end the conflict with Iran. West Texas Intermediate crude dropped more than nine percent on Wednesday to settle below $93 a barrel after Secretary of State Marco Rubio said Operation Epic Fury had concluded and President Donald Trump announced a…
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