As of Tuesday morning, the national average reached $4.018 per gallon. The most expensive markets in the country include California, where prices have climbed to $5.88, followed by Hawaii and Washington. Analysts note that the rapid pace of the increase—jumping roughly 20% in a matter of weeks—is reminiscent of the price spikes seen during the initial stages of the Russia-Ukraine war in 2022. The effectively blocked Strait of Hormuz, a waterway responsible for a fifth of the world’s oil and liquefied natural gas, remains the central factor behind the market volatility.
The price hike arrives at a sensitive time for the US administration, with the summer travel season approaching and midterm elections on the horizon. While President Donald Trump has expressed confidence in reaching a negotiated settlement, he has also issued warnings of further military action if the blockade continues. For now, American consumers are feeling the pinch at the pump as surging energy costs threaten to drive up inflation across the broader economy.
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The average price of gasoline at United States pumps has soared past the $4 per gallon mark, reaching its highest level in nearly four years. According to the American Automobile Association (AAA), the surge is primarily driven by escalating conflict in the Middle East and the closure of the strategic Strait of Hormuz. The average price of gasoline...
Key takeaways
- The average price of gasoline at United States pumps has soared past the $4 per gallon mark, reaching its highest level in nearly four years.
- According to the American Automobile Association (AAA), the surge is primarily driven by escalating conflict in the Middle East and the closure of the strategic Strait of Hormuz.
- The average price of gasoline at US pumps has soared past $4 a gallon, the American Automobile Association reported Tuesday, marking the highest level for the fuel since August 2022.
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The average price of gasoline at United States pumps has soared past the $4 per gallon mark, reaching its highest level in nearly four years. According to the American Automobile Association (AAA), the surge is primarily driven by escalating conflict in the Middle East and the closure of the strategic Strait of Hormuz. The average price of gasoline...
Who published this story?
Glow 99.1 FM published this story with Oyebade Oluwatobiloba listed as author.
When was it published?
March 31, 2026
