On Tuesday, U.S. drivers faced the steepest pump prices in about four years as the Iran conflict and stalled diplomacy kept crude markets tight. The average cost of a gallon of gasoline hit $4.23, a level not seen since April 2022,

From Aug. 25, 2025, to Jan. 26, 2026, the daily crude oil production in the U.S. ranged from 13.2M to 13.9M barrels. That is more than Americans use.

Rising oil prices are pushing pump costs higher again, with the national average hitting its highest level since summer 2022.

A few states — and now Canada — are temporarily suspending their gasoline taxes. Congress isn’t looking likely to follow suit.

Even as prices at the pump have remained elevated, American consumers are paying less than many of their counterparts in Europe and Asia.

Retail gasoline and diesel prices in the US are at their highest seasonal levels ever, a pain point for consumers looking ahead to summer travel.

The looming summer driving season — and elections that will determine control of Congress — are pressuring the Trump administration.

California's shrinking refining base is cutting local gasoline output to a decade low, pushing the state into structurally higher import dependence.

The war in Iran has disrupted supplies of diesel, used to power trucks and heavy equipment, much more than gasoline, which is primarily used in passenger cars.

Gasoline costs should start to fall soon, although a full recovery to pre-war prices is expected to take months. That's assuming that peace holds and traffic flows resume through the Strait of Hormuz.