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U.S. gas prices hit an average of $4.14 per gallon heading into Labor Day weekend — nearly a dollar higher than last year and shattering the previous holiday record of $3.82 from 2012, per AAA. Diesel is even worse, setting an all-time national average of $5.85 per gallon, with the surge rippling into freight and consumer prices nationwide as the Iran war continues to choke supply through the Strait of Hormuz.
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