Gas prices hit $4.06 a gallon before Trump's prime-time address

CBS News
April 1, 2026
2 min read

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The Bottom Line

US gasoline prices exceeded $4 per gallon for the first time since 2022.

How This Affects You

Gas prices above $4 per gallon increase your fuel costs and transportation expenses compared to lower price periods.

AI Summary

U.S. gasoline prices climbed to $4.06 a gallon, marking the first time they've exceeded $4 since 2022. The steady upward trajectory comes as the nation grapples with persistent energy costs that directly affect consumer spending and inflation concerns. Gas prices at this level typically weigh on household budgets and can influence political sentiment heading into major policy announcements. The timing coincides with Trump's prime-time address, a moment when economic conditions become part of the broader national conversation. Energy markets remain volatile, driven by global supply dynamics and refining capacity constraints.

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