Wednesday, April 1, 2026

US gasoline prices surpass $4 per gallon

US gasoline prices surpassed $4 per gallon for the first time since 2022, driven by the ongoing war in Iran which has disrupted oil supply chains, particularly through the Strait of Hormuz. The national average reached $4.02 per gallon according to AAA, representing an increase of over $1 from before the conflict began. The price spike is raising concerns about broader economic impacts including higher costs for goods, transportation, and everyday consumer spending.