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Pain at the Pump: US Gasoline Prices Surge to 2.5-Year High - Analysts

© AP Photo / Nam Y. HuhGasoline prices are displayed at a gas station in Vernon Hills, Ill., Friday, April 1, 2022. Analysts say the price of crude oil dropped below $100 million Friday for the first time since Feb. 28 following the president's announcement of plans to release 180 million barrels of crude oil from the Strategic Petroleum Reserve over six months.
Gasoline prices are displayed at a gas station in Vernon Hills, Ill., Friday, April 1, 2022. Analysts say the price of crude oil dropped below $100 million Friday for the first time since Feb. 28 following the president's announcement of plans to release 180 million barrels of crude oil from the Strategic Petroleum Reserve over six months. - Sputnik International, 1920, 18.03.2026
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WASHINGTON (Sputnik) - The average price of gasoline in the United States has risen to its highest level in nearly 2.5 years, reaching $3.8 per gallon, according to the Energy Information Administration.
According to the American Automobile Association, the average gasoline price in the United States has climbed to nearly $3.8.
Data from analysts of the independent organization Energy Information Administration indicate that Americans have not paid this much for gasoline since October 2023, when the price stood at $3.74 per gallon. In August and September of that year, the average price, according to these data, was even higher, reaching $4 per gallon.
The issue of gasoline prices in the United States is used as a political argument in partisan disputes. The record high price is associated with the administration of former President Joe Biden: in June 2022, the average price per gallon exceeded $5. Incumbent US President Donald Trump repeatedly drew attention to this during his election campaign.
The current spike in gasoline prices is linked to the ongoing blockade of the Strait of Hormuz by Iran, which followed the launch of the US-Israeli aggression against Iran.
 Qatari liquid natural gas (LNG) tanker ship being loaded up with LNG at Raslaffans Sea Port, northern Qatar. File photo. - Sputnik International, 1920, 01.03.2026
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Forget Oil: Natural Gas Prices Are About to Go Through the Roof If Hormuz Isn’t Reopened Soon
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