Gas prices tick toward $4.50 a gallon in Maine despite Iran ceasefire

Gas prices in Maine have risen to nearly $4.50 despite the ceasefire between the United States and Iran, marking a new high since the conflict began. Rising international oil prices are causing concerns about the potential increase in the cost of groceries and goods. The closure of the Strait of Hormuz and supply disruptions are fueling gas price increases, surpassing levels seen since the 2022 Russia-Ukraine war.