U.S. gasoline hits $4 per gallon. Recession indicator flashing red. Demand destruction spreads across US economy through seven channels
U.S. gasoline hits $4 per gallon, highest since 2022, as Iran war drives up fuel prices U.S. gasoline prices have surged above $4 per gallon for the first time in more than three years, as the oil supply shock triggered by the Middle East war rapidly drives up costs for families. Prices at the pump …