Trump says he’s NOT sorry as Gas prices hit $4 a gallon

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US gas prices reach highest ever recorded for August amid stalled talks with Iran

US gas prices this month are so far the highest ever recorded for August as peace talks between the US and Iran have stalled and Donald Trump launched fresh threats against Oman.

The national average price of gas was $4.06 per gallon on Monday, according to data from AAA, $0.05 higher than last week and $1 more expensive than a year ago. In California and Hawaii, averages hit about $5.50 a gallon.

Energy prices have been high since the US-Israel war with Iran began at the end of February and the strait of Hormuz, a crucial waterway through which a fifth of the oil passes, was blocked.

Brent crude, the global oil benchmark, reached $112 a barrel in March, a high not seen since 2022. While prices have since come down closer to $85 a barrel, they are still about 30% higher than a year ago.

Gas prices dipped over the last few months after the US and Iran reached brief peace deals, but have started to climb back upwards as peace talks falter.

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