U.S. gasoline prices have increased for the first time since May, with the sudden reversal directly tied to the collapse of the tentative ceasefire between the U.S. and Iran. According to AAA data, the U.S. national average price of gasoline clocked in at $3.8590 per gallon on Tuesday, up from $3.7900 a week ago after the end of the ceasefire sparked renewed military exchanges and disruptions in the critical Strait of Hormuz. According to data compiled by GasBuddy, nearly 80% of states saw retail price increases, mirroring a similar rally in crude…

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.