US Summer Pump Prices Likely to Hit $4, Highest Since 2022 (2)

US pump prices are likely to climb to the highest since the summer of 2022 — to $4 a gallon — as oil rises amid supply concerns, according to the AAA automobile club.

Futures and pump prices have been boosted the past few weeks by the transition to summer-grade gasoline and as inventories shrink to the lowest since December. Attacks on Russian refineries have taken about 600,000 barrels a day of capacity, further enforcing concerns.

The hike at the pump likely will force Americans to make lifestyle changes and be a focus in November’s presidential election, said Devin Gladden, a ...