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US gas pump prices surge toward four year highs after Iran war disruption
Economy
Published on 28 April 2026
Prices are up nearly 40% since late February
US gasoline prices are climbing fast, reaching near four-year highs as disruption fears linked to the late-February US and Israel attacks on Iran ripple through fuel markets. The national average retail price has jumped about $1.19 a gallon, roughly 40%, pushing costs higher for consumers while traders watch for further escalation and supply shocks.
- US gasoline prices are near four-year highs
- Retail gasoline averages rose about $1.19 a gallon since late February
- Increase is linked to Iran conflict disruption fears
- Market jitters reflect potential supply and logistics shocks
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times