Trending Now - US Gas Prices Reach Four-year Peak, Averaging $4.18/gallon
WHO:
NBC News - Trump stated that Americans can expect to spend more on gasoline "For a little while."
NBC News - The motor club AAA reported on U.S. gas prices.
The Guardian - Donald Trump is mentioned regarding his views on Iran's proposal.
The Guardian - The United Arab Emirates announced its departure from the Opec oil cartel.
WHAT:
NBC News - U.S. gas prices reached $4.23 per gallon, a new high for the year.
The Guardian - Brent crude hit $111 a barrel, lower than its high of $119 a barrel seen last month.
The Guardian - WTI crude was near $100 a barrel on Tuesday morning.
The Guardian - BP reported profits had more than doubled in the first quarter of the year, reaching $3.2 billion (£2.4 billion).
NBC News - U.S. gas prices hit $4.23 per gallon, a new high for the year.
The Guardian - U.S. gas prices reached an average of $4.18 a gallon, the highest level in four years.
The Guardian - Average gas prices are now $1 higher than a year ago, when they were closer to $3.15 a gallon.
The Guardian - In Texas, gas is $3.72 a gallon, while California sees an average of $5.96 a gallon.
The Guardian - Brent crude hit $111 a barrel, while WTI crude was near $100 a barrel.
The Guardian - BP reported profits of $3.2 billion in the first quarter of the year.
WHERE:
The Guardian - Gas prices vary by state, with Texas and California as examples.
The Guardian - The strait of Hormuz is mentioned as a critical passage for oil and natural gas.
WHEN:
The Guardian - The last time average U.S. gas prices breached $4.15 a gallon was in April 2022.
The Guardian - Trump stated that Iranian leaders want to open the strait of Hormuz “as soon as possible.”
WHY:
The Guardian - The United Arab Emirates announced it would leave the Opec oil cartel, which has been struggling to clear exports through the strait because of the war.
The Guardian - U.S.-Israeli peace talks with Iran are at a standstill, contributing to rising gas prices.
The Guardian - Trump expressed dissatisfaction with Iran’s proposal to reopen the strait, which would require the U.S. to end its naval blockade.
HOW:
The Guardian - Higher oil prices have been a boon for western oil companies, which have found themselves with an advantage over their competitors in the Middle East affected by the war.
The Guardian - Oil prices increased due to news of negotiators being gridlocked over talks to reopen the strait of Hormuz.
(UPDATED April 29, 2026 13:22 UTC)
Gas prices in the U.S. have surged to a new high for the year, reaching $4.23 per gallon, and President Trump has indicated that Americans can expect to spend more on gasoline "for a little while." Meanwhile, Brent crude is currently priced at $111 a barrel, while WTI crude hovers near $100 a barrel, as BP reports profits more than doubled in the first quarter, totaling $3.2 billion. This spike in oil prices comes as the United Arab Emirates announced its departure from the Opec oil cartel, which has faced challenges in clearing exports due to ongoing conflicts in the region.
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(UPDATED April 29, 2026 11:28 UTC)
U.S. gas prices have surged to an average of $4.23 per gallon, marking a new high for the year, with some states like California seeing prices as high as $5.96. Meanwhile, President Trump has expressed his discontent with Iran's proposal to reopen the strait of Hormuz, a critical passage for oil, amid stalled U.S.-Israeli peace talks with Iran. In related news, BP reported first-quarter profits of $3.2 billion as oil prices rose, with Brent crude hitting $111 a barrel and WTI crude nearing $100 a barrel.