Average U.S. gas prices hit $4 a gallon for first time since 2022

CBS News
March 31, 2026
3 min read

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The Bottom Line

U.S. gas prices hit $4 per gallon for the first time since 2022, driven by the Iran war.

How This Affects You

Gas prices of $4 per gallon increase your transportation and fuel costs, affecting groceries, commuting, and household budgets.

AI Summary

Average U.S. gas prices hit $4 a gallon on Tuesday for the first time since 2022, marking a sharp increase in fuel costs for American consumers. The spike is driven by the Iran war, which has disrupted global oil supplies and pushed crude prices higher. This is the latest sign that geopolitical conflict is directly affecting household budgets, as motorists face the steepest prices in roughly three years. The jump comes as the Trump administration navigates broader energy policy challenges amid international tensions. Rising gas prices typically weigh on consumer spending and can become a political liability ahead of elections.

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