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The Latest Breaking News from Gas Prices

Current price of oil as of May 1, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

Wingstop saw its sales drop as company blames Iran war and high gas prices for customer decrease

The current national average gas price is $4.30 per gallon

The Independent UK

Tax refunds and AI boom have offset some US economic pain from Iran war and high gas prices, so far

Americans are paying for the war in Iran with every visit to the gas station, but some of the damage to the U.S. economy is being offset — for now anyway — by big tax refunds and an investment boom driven by artificial intelligence

The Independent UK

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How High

Plus: FISA reauthorization passes the House, a very capitalist museum, escalation in the redistricting wars, and more...

Reason

Key inflation gauge jumps to highest level in 3 years as Iran war spikes gas prices

A key inflation measure jumped in March as gas prices soared, the latest sign that the Iran war is pushing up the cost of living and delaying any interest rate cuts by the Federal Reserve

The Independent UK

High gas prices eating into Texans’ budgets, fueling inflation

The average price for a gallon of gas in Texas has risen from $2.55 in early February to $3.78 at the end of April.

The Texas Tribune

The states where a $100,000 salary qualifies you as ‘lower middle class:’ report

Cost-of-living issues are expected to be a major theme in the 2026 midterms

The Independent UK

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Gas price hits $4.23 - highest mark since Putin invaded Ukraine

Persistently high gas prices could spell midterm trouble for the Republicans, who ran in 2024 on their economic agenda after years of Biden-era inflation

The Independent UK

Corn Belt Politicians Are Using High Gas Prices To Push Even More Carveouts for Ethanol

“The sale of E15 year-round would help the ethanol industry and no one else,” says one agricultural policy expert.

Reason

Gas just hit $4 because Donald Trump picked a fight he can’t finish and your tank is paying his tab

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…

The Mary Sue

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

Blockade threat in vital strait and Trump’s stance lift crude, pushing pump prices to highest level since 2022

The Guardian - US

Trump’s approval rating sinks to new low as the Iran war drives affordability concerns for Americans

Gas prices have surged to about $4.18 per gallon as peace talks between the U.S. and Iran have stalled

The Independent UK

Iran War Pushes U.S. Gas Prices To Highest Level Since the Conflict Began as Strait of Hormuz Remains Closed

Gas prices were near $4.18 a gallon on Tuesday, up $1.19 since late February, when the U.S. and Israel attacked Iran.

Latin Times

Iran War Pushes U.S. Gas Prices To Highest Level Since War Began as Strait of Hormuz Remains Closed

Gas prices were near $4.18 a gallon on Tuesday, up $1.19 since late February, when the U.S. and Israel attacked Iran.

International Business Times

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The Guardian - US

US gas prices surge to highest level in four years, averaging $4.18 a gallon

Oil prices surged as talks on reopening of strait of Hormuz remain gridlocked, sending prices $1 higher than last year

The Independent UK

Iran war briefing: Trump meets with national security over Tehran peace plan

Donald Trump discussed Iran's proposal to reopen the Strait of Hormuz and end the Middle East conflict with his national security team on Monday, but a US official told Reuters that the President “doesn’t love the proposal” as he wants a peace plan to address Iran’s nuclear programme. The conflict…

The Guardian - UK

BP profits more than double as oil prices soar in Iran war

First-quarter profits of $3.2bn prompt outrage from campaigners, who say figures come at expense of consumers

GOBankingRates

I Asked ChatGPT When Oil and Gas Prices Will Stabilize: Here’s What It Said

I turned to ChatGPT for a straightforward, simple answer to the one question many may be asking: When will oil and gas prices stabilize?

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news in one place.

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The Independent UK

Economists give dire prediction about inflation as no end in sight for Iran war

When asked about the Iran war timeline, Trump told reporters, ‘Don’t rush me’

Barchart

Will Differentials Between U.S. and European/Asian Natural Gas Prices Support U.S. Prices?

U.S. natural gas prices have declined, but European and Asian prices remain elevated in April 2026. The hostilities in the Middle East and the ongoing war in Ukraine have raised concerns about natural gas supplies to Europe and Asia, which depend on imports.

Fortune

Current price of oil as of April 24, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

GOBankingRates

$4 Gas Returns: Why Trump’s Second Term Matches Biden’s Worst Moments

Rising gas prices are straining household budgets again, fueling comparisons to between Trump and Biden's economies.

Woman & Home

Warm Homes Plan update: how this green energy rollout will affect you and your energy bills

New legislation is designed to make energy cheaper – but is it likely to cut costs meaningfully? We asked the experts

Barchart

Higher for Longer: Why Energy Secretary Chris Wright Is Predicting Gasoline Prices Will Stay Above $3 Until 2027

U.S. Secretary of Energy Chris Wright believes gas prices may have peaked but will likely still stay above pre-war levels for a while.

The Independent UK

The US keeps talking about gas prices — but it’s diesel costs that could impact your life the most

Since the start of the war in Iran on February 28, the average price of a gallon of diesel has gone up by around 45 percent

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