The national average price for regular gasoline hit $4 per gallon again Monday as the renewed conflict with Iran and Ukraine-Russia attacks rattle energy markets.

The price of gasoline generally tracks the cost of oil, but there are additional costs that go into making gasoline, including refining, transportation, and state and federal taxes.

The US resumed strikes against Iran earlier this month after an interim agreement unraveled as negotiations toward a broader settlement stalled.

Michelle Brouhard, Head of Policy and Geopolitical Risk at Kpler, says oil prices could climb above $100 a barrel if both the Red Sea and the Strait of Hormuz are closed. She adds there have been bottlenecks forming in refined oil product shipments,

By Dharamraj Dhutia and Jaspreet Kalra MUMBAI, July 20 (Reuters) - The Indian rupee's trajectory this week will hinge on crude oil prices and the extent to which the central bank defends the currency as it nears record-low levels,

Central Texas (FOX44) – Local gas prices echo what is happening statewide as the price of crude oil begins climbing again as instability along the Strait of Hormuz puts pressure on prices. The statewide price average reached $3.

Refinery stocks like Marathon Petroleum and Valero have delivered gains that crush the S&P 500 this year, and crude oil prices have almost nothing to do with it. One obscure industry metric explains everything,

Despite weaker fuel marketing margins, integrated profits, which combine refining and fuel marketing performance, remained well above recent averages.

Petrol and diesel prices across India remained unchanged on July 20, offering relief to consumers even as global crude oil prices continued their sharp upward march. State-run oil marketing companies (OMCs),