US gasoline prices are climbing fast, reaching near four-year highs as disruption fears linked to the late-February US and Israel attacks on Iran ripple through fuel markets. The national average retail price has jumped about $1.19 a gallon, roughly 40%, pushing costs higher for consumers while traders watch for further escalation and supply shocks.
US consumer confidence unexpectedly improved in April, rising 0.6 points to 92.8, according to The Conference Board. The March reading was revised up to 92.2. Economists surveyed by Reuters had predicted a slide to 89.0. The gain came even as Americans worried about higher gasoline prices.
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