The average price of petrol in the US has increased to $4.09 a gallon on Friday, up more than one dollar from just before the war and the highest level since August 2022.

The average price of petrol in the US has increased to $4.09 a gallon on Friday, up more than one dollar from just before the war and the highest level since August 2022.

"If transportation costs start rising, it's going to bleed through in other prices," Austan Goolsbee, president of the Federal Reserve Bank of Chicago, was quoted as saying by CBS

The Iran war fuels rising U.S. gas prices, impacting transport costs and leading to surcharges from major retailers.

The Iran war fuels rising U.S. gas prices, impacting transport costs and leading to surcharges from major retailers.