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US gasoline prices reach unprecedented heights for this time of year, exceeding $4 per gallon, according to analyst.

MarketRead the original at benzinga.com
Good for USO

The USO ETF is directly affected by the rise in gasoline prices, which could lead to increased trading activity and price volatility.

USO · United States Oil Fund

AI read · Good for USO

The AI's read

Gasoline hit the highest late‑year level on record while Iran tensions are escalating. That combo raises oil upside and directly matters for USO. USO hasn’t ripped higher on the news. It was down about 0.7% overnight and RSI sits midrange, so the market hasn’t fully priced a sustained supply shock. We lean bullish. Catalyst is fresh, supply risk is clear, and USO still has room to catch a rally if crude trends up from here.

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