U.S. gasoline prices have surged sharply, with the national average surpassing $4.50 per gallon and reaching approximately $4.52–$4.53—the highest level since July 2022. �
The spike is driven by geopolitical tensions linked to the Iran conflict, which has disrupted global oil supplies—particularly through the Strait of Hormuz, a critical energy chokepoint. �
Prices have climbed significantly since the conflict began, rising by more than $1 per gallon in a matter of weeks. California is currently seeing the highest prices nationwide, exceeding $6 per gallon. �
Analysts warn that upward pressure may persist as the summer driving season approaches, with tightening inventories and ongoing geopolitical risks likely to keep fuel prices elevated