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U.S. National Average Gas Price Hits $4 a Gallon for First Time Since August 2022
Gasoline prices rose over $1 since the Middle East conflict began, with diesel up 45% and disruptions in global supply chains driving costs higher, AAA reported.
- On Tuesday, March 31, 2026, the U.S. national average gasoline price rose to $4.02 per gallon, marking the first time prices exceeded $4 since August 2022, according to the American Automobile Association .
- Escalating conflict in the Middle East pushed crude above $100 per barrel as Iranian military forces effectively blocked the Strait of Hormuz, halting roughly 20% of global oil shipments.
- Diesel prices surged to $5.45 per gallon, creating significant cost burdens for freight-dependent businesses and supply chains that analysts warn could accelerate inflation for consumer goods.
- The International Energy Agency pledged to release 400 million barrels from emergency stockpiles, while the U.S. implemented a 60-day Jones Act waiver to facilitate fuel transport between ports.
- Energy analysts warn prices may remain elevated or approach $5 per gallon if the strait stays closed, despite President Donald Trump's threats to strike Iranian energy infrastructure to force a deal.
210 Articles
210 Articles
New York, 31 Mar (EFE).- The average price of gasoline in the United States has exceeded the $4 per gallon (3.78 litres) barrier for the first time since August 2022, driven by instability in the global supply of crude oil after the outbreak of the war in Iran. According to data from the AAA car association, the national average was $4,018, this Monday, an increase of more than 30% since the beginning of the military operations against Iran at t…
If there is one thing you can agree with all Americans, at a time when the country is extremely polarized, it is the sensitivity to the price of fuels. Gasoline in the United States is a perfect thermometer of the people’s discontent with the government. These days support for President Donald Trump has fallen to the historic minimum, while fuel reaches historic records as a result of the Iran war.Continue reading
US pump prices hit $4 a gallon
The US national average retail price of gasoline crossed $4 a gallon for the first time in more than three years on Monday, data from price tracking services GasBuddy showed, as the US-Israeli war with Iran continued to roil global energy markets.
The closure of the Strait of Hormuz plays a major role in pushing US gasoline prices above $4 per gallon.
The average price of a gallon of unleaded regular gasoline in the United States exceeded $4 for the first time since 2022.
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