Gas Prices Pass $4/Gallon — Highest Since 2022

+$4

U.S. gas prices jumped past an average of $4 a gallon for the first time since 2022 on Tuesday, as the Iran war pushes fuel prices higher worldwide, reports the Associated Press. According to AAA, the national average for a gallon of regular gasoline is now $4.02 — over a dollar more expensive than before the war began on Feb. 28, marking the largest monthly jump the motor club has seen on record.

Billions Lost in Iran War Already

$1.4 to $2.9 billion

Wall Street Journal: “Billions of dollars of highly sophisticated military equipment has been lost or significantly damaged since the U.S. and Israel began striking thousands of targets across Iran more than three weeks ago. The bulk of the damage on the ground has been caused by Iranian ballistic missiles and drones. … Battle damage and replacement of losses over the first three weeks of the war likely costs roughly $1.4 billion to $2.9 billion.”