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US gasoline prices hit highest level in 4 years
AAA says the national average has climbed 40% since the war began, with stalled talks keeping crude markets tight.
- On Tuesday, the American Automobile Association reported national gasoline prices reached $4.18 per gallon, their highest level in nearly four years, up 11 cents this month and $1.19 since late February.
- Crude oil prices climbed sharply last week, with Brent futures gaining about 16%, as supply concerns intensified amid stalled peace talks over the Strait of Hormuz involving Iran and Israel.
- Refinery maintenance intensified supply constraints as Phillips 66's Wood River refinery in Illinois and Marathon Petroleum's Robinson refinery began planned work, while BP's Whiting, Indiana, facility experienced a power outage.
- GasBuddy analyst Patrick De Haan warned ongoing Great Lakes refinery issues will keep prices elevated for Midwest motorists, potentially curbing discretionary spending as household budgets face immediate pressure.
- Gasoline prices haven't reached this level since April 2022, shortly after Russia invaded Ukraine, as analysts monitor geopolitical volatility and BP reported profits exceeding $3 billion on Tuesday.
86 Articles
86 Articles
Gas prices soar to highest point so far during unsettled conflict with Iran
The AAA national average price for regular gas has soared to $4.229 as of Wednesday, the highest notched so far during the ongoing tensions between the U.S. and Iran.While that number is more than a dollar higher than the AAA national average of just $3.161 a year ago, it is still significantly lower than the highest recorded AAA national average of $5.016 set in June 2022 during President Joe Biden's White House tenure.White House spokeswoman T…
New York, 29 Apr (EFE).- The average price of gasoline in the United States reached a new record this Wednesday and stood at $4.23 per gallon (3.78 liters), according to data from the AAA car association. The rise in prices is driven by the blockade of the United States and Iran in the Strait of Ormuz, a key maritime route through which 20% of the world's crude oil supply was circulating. In recent months, the war in the Middle East, which began…
US gas prices surge to over $4.22 a gallon, the highest in 4 years
Gas prices hit a fresh 2026 record on Wednesday, according to AAA.Patrick T. Fallon / AFP via Getty ImagesGas prices climbed north of $4.22 on Wednesday, per AAA. That's the highest since 2022.California drivers are nearing $6 a gallon, while Oklahoma has the lowest average price in the US.Prices quickly climbed this week as tensions in the Strait of Hormuz persisted.On Wednesday, the average price of regular gas in the US climbed to over $4.22 …
US gas prices jump to the highest average in nearly 4 years
Gas prices in the U.S. jumped another 5 cents on Wednesday, reaching an average of $4.23 per gallon, according to data from AAA.The increase means prices are up 21 cents in just the last week. This marks the largest weekly gain for gas prices since March.Wednesday's price increase marks the highest average gas prices in nearly four years, when the high was driven by the start of the Ukraine-Russia conflict in 2022.RELATED STORY | US stocks edge …
US gasoline prices hit four-year high as Europe faces jet fuel crisis amid war on Iran
New data has revealed that the US is currently facing a significant spike in gasoline prices, with the average cost reaching its highest point in nearly four years.
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