US Gas Prices Have Jumped 50% Since Beginning Of Iran War As Supply Shock Pushes Costs Higher

The Energy Information Administration estimates that taxes contribute about 17% of the pump price, while refining and distribution costs make up the remainder. (Credit: AFP)

Gasoline prices in the United States have climbed sharply since the start of the Iran war, with the average cost of regular fuel now about 50% higher than before the conflict began.

The national average price for regular gasoline rose 31 cents in the past week to $4.48 per gallon on Tuesday, according to AAA data. The increase extends a broader upward trend that has unfolded over the past two months as global crude oil supplies tightened and supply routes through the Persian Gulf came under sustained disruption.