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No relief in sight for U.S. drivers as gas and diesel prices surge

The Iran war and Russia-Ukraine conflict are knocking out global refining capacity, pushing fuel prices higher, analysts said.

  • Gas prices surge 7 cents to $4.44/gallon, 50% increase since Iran war began
  • Diesel hits record $6.40/gallon, 77 cents rise since early September
  • Geopolitical conflicts reduce global oil supply, driving prices higher

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