Gas Prices in the U.S. Remain High Amid Iran Conflict, Recovery Uncertain
Gasoline prices in the United States have surged significantly due to the ongoing conflict with Iran, with the national average reaching $4.56 per gallon in May 2026. This increase is attributed to disruptions in global oil supply, particularly through the Strait of Hormuz, a critical passage for oil transit. The conflict began on February 28, 2026, when the U.S. and Israel launched joint strikes on Iran, reversing a previous trend of falling gas prices. Currently, the average price is approximately $1.5 higher than pre-conflict levels. In California, prices have exceeded $6 per gallon, while in Mississippi, they are just below $4. Despite a potential agreement to reopen the Strait of Hormuz, experts predict that gas prices may not return to pre-war levels until the second half of 2027. 
