Average U.S. gas prices have climbed to $3.70, the highest level since April 2024 — and it’s another reminder that energy costs still ripple through the entire economy.

When fuel prices rise, transportation, logistics, and production costs usually follow. That pressure often finds its way into inflation expectations again.

Markets tend to watch these signals closely.
Because when energy starts moving up, the conversation around inflation and interest rates usually isn’t far behind.
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