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U.S. Gasoline Rises Above $4 per Gallon as Iran Conflict Extends 9 Days, Strategic Reserves Hit 40-Year Low

2026-07-21 01:45:42

According to Financial Times and Nikkei, on July 20, U.S. gasoline prices surged above $4 per gallon amid an ongoing military confrontation between the U.S. and Iran that has lasted nine days. Strategic petroleum reserves have simultaneously fallen to their lowest level in 40 years, limiting the government's ability to stabilize prices through supply interventions.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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