Gas prices hit record highs for August as Ukraine, Iran conflicts drive costs up

The national average price of gasoline stood at $4.05 a gallon Monday, the highest ever recorded this late in the calendar year, as escalating geopolitical conflicts on two fronts threaten to push prices even higher heading into the Labor Day weekend. In Washington, drivers are paying more than $5 a gallon throughout much of the state, well above the national average tracked by fuel price service GasBuddy. The price surge comes as President Donald Trump announced plans to launch what he described as "the most crushing economic operation" against Iran, adding fresh uncertainty to global oil markets already strained by...