US Gas Prices Surge to $4.45 Per Gallon as Iran War Disrupts Global Energy Markets
The national average US gasoline price has skyrocketed to $4.45 per gallon, up nearly 50% since the Iran war began in February. The spike reflects continued uncertainty in global oil markets as the Strait of Hormuz remains contested and peace negotiations remain stalled.
Record Price Surge
The national average gas price has surged to $4.45 a gallon, with that figure $1.28 higher than this time a year ago — or up nearly 50% since the war began in February.
Economic Impact
Gas prices are surging, voter backlash is building, and inside the White House, the options to lower prices at the pump are dwindling.
Market Uncertainty
The elevated prices persist despite a fragile ceasefire between the US and Iran, as negotiations over reopening the Strait of Hormuz have stalled and global oil supply remains constrained.