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U.S. National Average Gas Price Hits $4 a Gallon for First Time Since August 2022

Supply disruptions from Middle East conflict and halted tanker traffic have pushed the national average price for regular gasoline above $4 per gallon, according to AAA.

  • 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.
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Gas prices increase to $4.06 prior to Trump's address to the nation

Gas prices have increased to $4.06 a gallon prior to President Donald Trump’s address to the nation.

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By Chris Isidore, CNN - The average price of a gallon (3.78 liters) of regular gasoline in the U.S. rose nearly 5 cents to $4.06, according to the latest AAA reading. This is the largest daily increase in gasoline prices in more than two weeks. The rise came a day after the price topped $4 a gallon for the first time since 2022, and followed a week of fairly modest daily increases of fractions of a cent. The price hovered around $3.98 for nearly…

·Idaho Falls, United States
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Gas prices dip after topping $4, but remain elevated nationwide

US gas prices fell to $3.94 after briefly topping $4 per gallon, but remain elevated nationwide as oil disruptions and demand keep pressure on costs.

·Spokane, United States
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Reuters broke the news in United Kingdom on Tuesday, March 31, 2026.
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