US gas prices surge to highest level in four years, averaging $4.15 a gallon

US gas prices reached $4.18 per gallon, the highest level in four years, driven by rising oil prices due to stalled negotiations on reopening the Strait of Hormuz and US-Israeli peace talks with Iran. Prices are now $1 higher than a year ago, mirroring the surge seen after Russia's invasion of Ukraine in April 2022.