U.S. oil prices have risen for 20 consecutive days, with a total increase of 30%.
In recent days, oil prices have continued to rise across the United States. On March 19th, the average price of regular gasoline in the United States has risen for 20 consecutive days since the outbreak of the conflict in the Middle East, with a total increase of 30%. According to data from the American Automobile Association, on the 19th, the average price of regular gasoline in the United States has jumped from $2.98 per gallon before the outbreak of the conflict in the Middle East to $3.88 per gallon, a 30% increase, which is the highest level since September 2023. California has the highest average gasoline price, exceeding $5.56 per gallon. Data from the U.S. Energy Information Administration shows that Americans consume approximately 375 million gallons of gasoline per day, which means that for every 1 cent increase in oil prices, Americans' daily expenses on refueling alone will increase by $3.75 million.
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