Sanctions on Iranian oil bring U.S. drivers pain at the pump
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(Reuters) - American middle class consumers are enjoying the strongest wage growth in a decade, but higher gasoline prices are eating a good chunk of that increase for many, and it looks like pump prices are headed higher. Gasoline pump prices have already jumped about 25% this year, the fastest rate in three years. Trump administration sanctions against Iranian crude oil exports had something to do with that, and this week's move to tighten sanctions could soon send prices even higher. ..