Gas Prices Up 30 Cents A Gallon From Last Week
Written by Tariq on May 4, 2026
The cost for regular gas as of Sunday is an average $4.446 — a week ago it was $4.099, according to AAA’s fuel site. U.S. gas prices were an average $2.98 on Feb. 26 — two days before the war in Iran began — and a year ago, the average price of gas was $3.171, according to data from AAA. Gas prices in the U.S. are the highest they have been since late July 2022, said the automotive group. President Trump has promised that when the war in Iran ends, that gas prices will “drop like a rock.” It is unclear when the war will end, but even when it does and the Strait of Hormuz is reopened, gas prices could still remain high, according to experts. And prices could go up higher the longer the strait, which is a crucial route for oil and natural gas trade, stays closed, said Kevin Book, co-founder of ClearView Energy Partners, a research firm.
Source: NPR
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