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Gas Prices Surge Again May 3 as US Average Jumps to Four Year High
Economy
Published on 3 May 2026
One week jump pushes national average to four-year peak
Gas prices across the US have climbed faster than expected. The national average rose by 27 cents in a single week to $4.446 on May 3, the highest level in four years. Oil prices pushed above $100 per barrel, and states including California and Texas are seeing especially sharp increases at the pump.
- US national gas average hit $4.446, up 27 cents in a week
- The price level is the highest in four years
- Oil prices moved above $100 per barrel
- California and Texas consumers face steep hikes
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times