Gas Prices Climb Above $4 as Oil Prices Surge This Week

WHO:

ABC News - The U.S. and Iran are involved in ongoing military actions.

NBC News - The conflict with Iran and attacks related to Ukraine and Russia are impacting energy markets.

WHAT:

ABC News - Gas prices at the pump have jumped 13 cents per gallon, or 3%, over the past week, with the average price now at $4.003.

ABC News - The national average price of gasoline reached as high as $4.56 a gallon on May 21, according to AAA data.

ABC News - The U.S. Central Command reported that two service members were killed in an attack on Jordan, and a third service member remains missing.

ABC News - Another service member was killed in Iraq on Saturday, according to CENTCOM.

ABC News - The U.S. resumed its naval blockade of the Strait of Hormuz last week after Iran fired upon oil tankers in the strait.

NBC News - The national average price for regular gasoline is nearing $4 a gallon and topping $5 for some states on the West Coast.

Bloomberg Markets - U.S. gasoline prices have surpassed $4 a gallon due to escalating conflict in the Middle East.

ABC News - Oil prices have climbed again in recent days as the U.S. and Iran move closer to resuming an all-out war.

ABC News - Brent crude rose 3.2% to $90.95 per barrel, and benchmark U.S. crude climbed 2.8% to $84.04 per barrel.

ABC News - U.S. gas prices have jumped to an average of $4 a gallon again.

NBC News - The national average price for regular gasoline hit $4 per gallon again.

Bloomberg Markets - U.S. gasoline prices climbed back over the $4-a-gallon mark at the pump.

NBC News - Oil prices have soared more than 15% in a week due to the renewed conflict with Iran and Ukraine-Russia attacks.

NBC News - The national average price for regular gasoline is nearing $4 a gallon and topping $5 for some states on the West Coast.

Bloomberg Markets - Gasoline pump prices have surged past $4 a gallon during the U.S. summer driving season.

ABC News - U.S. gas prices have reached an average of $4 a gallon again.

Bloomberg Markets - U.S. gasoline prices have surpassed $4 a gallon due to escalating conflict in the Middle East.

NBC News - The national average price for regular gasoline hit $4 per gallon again.

ABC News - The average price a year ago was $3.14 a gallon.

ABC News - Brent crude rose 3.2% to $90.95 per barrel, and benchmark U.S. crude climbed 2.8% to $84.04 per barrel.

WHERE:

ABC News - The gas price increase is a national average in the U.S., with variations by state.

WHEN:

ABC News - Gas prices first exceeded $4 a gallon at the end of March.

ABC News - Prices dipped below $4 in mid-June before rising again.

WHY:

ABC News - The rise in gas prices is attributed to renewed military actions between the U.S. and Iran and the ongoing war affecting global oil supply.

NBC News - The renewed conflict with Iran and attacks related to Ukraine and Russia are rattling energy markets.

HOW:

CBS News - Ship traffic in the Strait of Hormuz has dried up due to the ongoing conflict between the U.S. and Iran.

CBS News - The U.S. and Iran are launching strikes at each other, impacting gas prices and shipping traffic in the Strait of Hormuz.

(UPDATED July 20, 2026 18:35 UTC)

Gas prices at the pump have surged by 13 cents per gallon, or 3%, over the past week, bringing the average price to $4.003. In a separate development, the U.S. Central Command reported that two service members were killed in an attack in Jordan, with a third still missing, while another service member lost their life in Iraq on Saturday. Additionally, the U.S. has resumed its naval blockade of the Strait of Hormuz after Iran fired upon oil tankers in the area last week.

(UPDATED July 20, 2026 15:34 UTC)

Gasoline prices in the U.S. have surged past $4 a gallon on average, with some states on the West Coast seeing prices exceeding $5. This spike in fuel costs comes as oil prices have risen, with Brent crude reaching $90.95 per barrel and benchmark U.S. crude climbing to $84.04 per barrel, largely due to escalating tensions between the U.S. and Iran. Additionally, ship traffic in the strategically important Strait of Hormuz has significantly decreased as the conflict intensifies.

(UPDATED July 20, 2026 14:39 UTC)

U.S. gas prices have surged back to an average of $4 a gallon, reflecting a significant increase in oil prices, which have risen more than 15% in just a week due to renewed conflicts involving Iran and the ongoing Ukraine-Russia situation. The situation has also led to a notable decline in ship traffic in the Strait of Hormuz, further impacting the supply chain. As a result, drivers across the country are feeling the pinch at the pump once again.

(UPDATED July 20, 2026 13:33 UTC)

Gasoline prices are on the rise, with the national average nearing $4 a gallon and some states on the West Coast seeing prices topping $5. This surge comes as the U.S. enters the summer driving season, pushing pump prices past $4 a gallon. Contributing to this situation, ship traffic in the Strait of Hormuz has significantly decreased due to the ongoing conflict between the U.S. and Iran.

(UPDATED July 20, 2026 12:33 UTC)

The U.S. and Iran are currently engaged in military actions that are significantly affecting global energy markets, leading to a rise in gas prices across the nation. As a result, the average price for regular gasoline in the U.S. has surged back to $4 a gallon, a notable increase from $3.14 a year ago, with Brent crude rising to $90.95 per barrel. This escalation in gas prices is largely attributed to the renewed conflict in the Middle East and ongoing tensions related to Ukraine and Russia, which are disrupting oil supply and shipping traffic in critical areas like the Strait of Hormuz.