According to the American Automobile Association (AAA), the average price of a gallon of gasoline in the United States has reached $4.30 as of May 1, 2026. This marks a significant increase from under $3 per gallon before the start of the US-Israel military campaign against Iran on February 28, 2026.
Former President Donald Trump stated that gasoline prices will drop after the conclusion of the war in Iran. However, no specific timeline or mechanism for such a decrease has been provided, and current market analysts remain skeptical given ongoing supply disruptions in the Middle East.
The price surge has been attributed to global oil market volatility and sanctions related to the conflict. The AAA data reflects the national average for regular unleaded gasoline.
