The scenario the White House has been keen to avoid has now materialized. Data from GasBuddy reveals that on March 28, the national average retail gasoline price in the United States climbed above $4 per gallon for the first time since 2023. Concurrently, the military conflict involving the United States/Israel and Iran has intensified, marking its 29th consecutive day. This conflict has not only disrupted oil production in the Middle East but has also reverberated across the global energy market, primarily through its impact on oil prices. Consequently, American consumers are shouldering the economic burden of escalating gasoline prices. In the international oil market, Brent crude soared to $106.62 per barrel, while WTI crude hit $101.16 per barrel. Although the market expects a decrease of 0.05-0.06 yuan per liter in domestic refined oil product prices on April 7, geopolitical risks could still incite fresh volatility.