US EditionU.S. National Average Gas Price Hits $4 a Gallon for First Time Since August 2022
AAA said the national average reached $4.02 a gallon, while diesel rose to $5.45 as tanker traffic and oil flows were disrupted.
- 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.
337 Articles
337 Articles
US Gas Prices Surge Past $4 Per Gallon Amid Iran War, Highest Level Since 2022
US gas prices have surged past $4 a gallon, the highest since 2022, due to the Iran war disrupting global oil supplies and production, with the national average reaching $4.02, over a dollar more than before the conflict began.
The average price of gasoline in the United States reached $4 a gallon, the highest since 2022, after the war in Iran essentially halted oil tanker traffic through the Strait of Hormuz, CNN reported today.
Why is gas so high? SC gas prices climb toward $4 amid Iran war
Experts issue urgent warning about global economy amid oil crisis: 'We haven't seen the brunt of it yet'
Gas prices have risen dramatically over the past month, but experts fear that "the worst could still be ahead" due to a number of cascading global shocks, according to NBC News. What's happening? Gas prices spiked to $4 a gallon on March 31, according to the New York Times, a high last reached in 2022. AAA data showed that the national average of $4.01 a gallon was up by over a dollar in March, compared with $2.98 at the end of February. Sharply…
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