The price of gasoline in the United States reached a new all-time high at $4.23 per gallon this April 29, 2026, according to data from the American Automobile Association (AAA).
The increase reflects growing pressure on global energy markets, driven mainly by geopolitical tensions in the Middle East and disruptions in key oil supply routes.
Gasoline in the US reaches record prices
BREAKING: U.S. gas prices climb to an average of $4.23 per gallon, the highest level since 2022. pic.twitter.com/TxCDfrifbz
– Breaking911 (@Breaking911) April 30, 2026
One of the main factors behind the rise is the situation in the Strait of Hormuz, a strategic route through which about 20% of the world’s oil transits.
The blockade in this area, derived from the conflict between the United States and Iran, has generated uncertainty in global supply, raising crude oil costs and, consequently, the price of gasoline.
Since February 2026, the escalation of the conflict – which also involves Israel – has had a direct impact on international energy markets.
Crude oil exceeds 100 dollars per barrel
🚨🇺🇸🇦🇪 | President Trump is delighted that the United Arab Emirates has withdrawn from the Organization of Petroleum Exporting Countries (OPEC).
Trump: “It’s a good thing to bring gas and oil prices down!”. pic.twitter.com/lLmiVpZszg– La Derecha Diario United States (@DerechaDiarioUS) April 29, 2026
Texas Intermediate Crude Oil (WTI), the U.S. benchmark, has risen around 6% in the last month and surpassed 100 dollars per barrel.
For its part, Brent oil, used as an international benchmark, registered an increase of close to 9%, surpassing 115 dollars per barrel due to fears that the blockade in the Strait of Hormuz will be prolonged.
Added to this is the departure of the United Arab Emirates from OPEC and OPEC+, a decision that has also contributed to the volatility of the energy market.
OPEC oil production declined significantly in March, falling by approximately 8 million barrels per day, equivalent to a 27.5% decline from the previous month.
This decline has been largely attributed to disruptions caused by the conflict in Iran and the blockade on key shipping lanes.
Impact on consumers
🇺🇸 | U.S. gasoline prices rose to about $4.18 per gallon, the highest level since 2022, amid stalled talks between the U.S. and Iran.
Oil prices have rebounded (up more than 40% since February) due to tensions around the oil price… pic.twitter.com/fyAYqdv1Sm
– Alerta News 24 (@AlertaNews24) April 29, 2026
Experts warn that the increase in gasoline prices is already affecting households, especially those with lower incomes.
According to Bank of America analysts, although the strongest impact is concentrated in vulnerable sectors for now, there is a risk that higher fuel prices could spill over to other commodities.
This could lead to increases in food, services and transportation, putting additional pressure on the cost of living in the United States.
What it means for Hispanics in the U.S.
Gasoline in the U.S. is rising… and the war with Iran has a lot to do with it ⛽⚠️
Fuel prices hit their highest level in years, topping $4 a gallon, driven by tension in the Middle East and the direct impact on supply… pic.twitter.com/0dSvjpeh1Q
– canelanews (@canela_news) April 29, 2026
The increase in the price of gasoline has a direct effect on millions of Latino families, especially those who depend on automobiles for work or commuting.
In addition, any increase in transportation costs is often quickly reflected in prices of essential goods, which can disproportionately impact communities with lower purchasing power.
With uncertainty in international markets and developments in the Middle East conflict, prices could remain high in the coming weeks.
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