Gas prices hit $4.23 per gallon, a new high for the year
Gas prices in the U.S. have reached a new high of $4.23 per gallon, marking a significant increase since the onset of the Iran war. This rise is attributed to a surge in oil prices and a blockade affecting the Strait of Hormuz. Analysts warn that while lower-income households are feeling the impact, overall spending on gasoline remains lower than in previous peak years.
- ▪U.S. gas prices have hit an average of $4.23 per gallon, the highest level this year.
- ▪The price of Brent crude has increased nearly 25% since mid-April, influencing gasoline prices.
- ▪Only lower-income households are significantly affected by the rising gas prices, with overall spending still lower than in previous years.
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Iran warGas prices hit $4.23 per gallon, a new high for the year As the Iran war enters its third month with peace talks stalled, the global energy crisis shows no sign of letting up.Listen to this article with a free account00:0000:00Add NBC News to GoogleGas prices soar to highest level of the year02:02Get more newsLiveonShareAdd NBC News to GoogleApril 29, 2026, 6:13 AM EDTBy Rob WileU.S. gas prices have hit a fresh record since the start of the war with Iran, rising to an average nationwide of $4.23 per gallon Wednesday, according to AAA.Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content.The milestone comes as oil prices have surged higher over the past week amid a dual blockade by the United States and Iran of the Strait of Hormuz, the…
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