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The Guardian - US
The Guardian - US
Business
Edward Helmore

US gas prices hit $4.23 high as Hormuz fears drive oil surge

United States Oil Donald Trump Gas Prices Hormuz Iran Truth Social
Gas pump showing 87, 89 and 93 options
Inflation surged in March as the Iran war spiked gas prices, trickling down to affect those in Washington on 11 April 2026. Photograph: Douliery Olivier/Abaca/Shutterstock

Average US gas prices have hit a new high at $4.23 a gallon, their highest since 2022 and a record since the start of the war with Iran, according to the motor club AAA.

The price of Brent crude, the benchmark that influences the price of gasoline in the US, now stands at $114.60 a barrel, up nearly 25% from the recent low since mid-April. US gas prices a year ago averaged $3.16 a gallon.

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