US gasoline average tops $4.56 as Middle East conflict disrupts oil shipping

The national average price for gasoline has reached a new high for the year, climbing above $4.56 per gallon as the summer driving season begins. This marks the first time in years that every state has recorded average prices exceeding $4, with seven states now above $5 and California averaging over $6.

The steep increase is directly tied to instability in the Middle East following military action involving Iran that began in late February. The conflict has severely disrupted global energy markets, particularly through the effective closure of the Strait of Hormuz, a vital shipping corridor that normally carries one-fifth of the world's oil supply. Since late February, the national average has surged from approximately $2.98 per gallon to its current level, a rise of roughly $1.60.

This price shock is spreading economic pressure. Analysts warn that higher transportation, freight, and shipping costs are feeding into broader inflation. Small businesses and independent operators who depend heavily on fuel report shrinking profit margins. Consumers are feeling the burden heading into the Memorial Day weekend, with fuel costs estimated to be $1.48 more expensive this year compared to...