U.S. gasoline prices hit $4.23 per gallon amid US-Iran conflict
Here's what it means for you.
Rising gasoline prices could impact your commuting costs and overall budget.
What happened
The U.S. national average price for regular gasoline hit $4.23 per gallon on April 28, 2026.
The Context
- War Impact: The surge in prices is primarily due to the ongoing U.S.-Iran war, which has disrupted oil supplies.
- Seasonal Demand: The onset of the spring driving season typically increases gasoline demand, compounding the price rise.
- Market Volatility: A blockade of the Strait of Hormuz has driven Brent crude prices to $114.60 per barrel, a 25% increase since mid-April.
The Number
— This is the increase in the U.S. national average gasoline price per gallon since the start of the U.S.-Iran war, representing over a 40% rise. This spike directly affects your daily expenses and could influence broader economic conditions.
Takeaway
Expect continued volatility in gasoline prices as geopolitical tensions persist and seasonal demand fluctuates.
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