US average fuel price tops $4 per gallon for first time in four years

Insights

• Nationwide average reached about $4.02 per gallon, up from $2.98 a month earlier, according to AAA.
• The national pump price last hit this level in August 2022.
• California average is about $5.89 per gallon and Washington is about $5.35 per gallon.
• Brent crude climbed to roughly $115.48 a barrel amid escalation involving Iran.
• Higher pump prices increase political pressure on President Trump ahead of the November midterm elections.
• Trump has said higher oil prices can benefit the United States because it is a major oil producer.