ABC News – Top stories ·general ·2 hours ago

US fuel prices hit four-year highs as Australian prices stabilize with tax

Australian fuel prices have moderated in recent weeks while US prices hit nearly four-year highs following the US-Israeli conflict with Iran in late February. The average US gasoline price reached 117 US cents per litre by end of April, up over 40 percent since February, while Australia's prices stabilized partly due to the government's halved fuel excise.

Summary by Glance · ABC News – Top stories

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