
Gas prices in the U.S. just hit their highest level in four years. The average gallon of gas now costs $4.17, according to AAA data released on April 28, 2026. That’s a $1.19 jump since the war with Iran kicked off on February 28, marking a 28% increase in just two months, per ABC News. The surge is directly tied to the ongoing conflict, which has thrown global oil markets into chaos and shows no signs of letting up.
The war between the U.S. and Israel against Iran has triggered one of the biggest oil shocks in history. The conflict escalated when Iran shut down the Strait of Hormuz, a critical maritime route that handles about one-fifth of the world’s oil supply.