The price of a gallon of regular gasoline climbed 31 cents in the past week to about $4.48, roughly 50% higher than before the Iran conflict began, placing immediate pressure on drivers' budgets. That surge in pump prices has fed into broader inflation: U.S. consumer prices rose 3.8% year-over-year in April, showing the fuel shock is translating into wider price increases. Rising gasoline costs are raising household expenses and complicating economic policy choices.
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