US gas tops $4 a gallon again as Iran war drives diesel above $5
Why it matters: Higher diesel costs are spreading beyond drivers, raising freight and airline surcharges and threatening broader inflation.
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US gas prices climb back to $4 a gallon as Iran war lifts oil
Why it matters: Higher fuel costs are returning ahead of the midterms, with Brent crude above $90 and diesel at $5.11 a gallon.
Bloomberg, The Hill
US gas falls below $4 a gallon as Iran deal eases oil supply fears
What's new: AAA put the national average at $3.99, down for 28 straight days after a May 21 peak of $4.56.
The New York Times, Bloomberg +3
US retail sales rose 0.9% in May as gas prices cooled
What's new: Online sales climbed 1.5%, while restaurant sales slipped 0.1% and tax refunds helped support spending.
Bloomberg, ABC News
US inflation hit 4.2% in May, highest in 3 years
Why it matters: Surging fuel costs make a Federal Reserve rate cut less likely and have outpaced wage growth, squeezing households.