Gas prices spiral over $4 as U.S.-Iran war heats up again, amid warning that ‘economic gravity’ will soon catch up to American families

Average gasoline prices in the U.S. have reached $4 per gallon as the U.S.-Iran conflict escalates following a failed ceasefire. AAA reported this price on Monday, marking an increase from approximately $3.87 the previous week. Meanwhile, UBS analyst Paul Donovan warned that economic gravity will eventually impact American families as gas prices spiral. The surge follows a period where prices had been steadily creeping toward the $4 mark amid intensifying geopolitical tensions between the two nations.