EconomyAmericans have paid more than $73 billion in Iran war gas hikes. How high can prices go?

The average price paid by US drivers reached $4 per gallon on Monday. The increase came as fighting between the United States and Iran intensified and oil shipments through the Strait of Hormuz faced further disruption. Before the war, average gasoline prices stood at $2.98 per gallon. With most oil flows through the critical waterway cut off, the report examines the added cost to US households and how much higher prices could climb.