The U.S. nationwide average gas price has climbed to $4.30 per gallon as of Thursday, according to data from the American Automobile Association (AAA), a four-year high, as American drivers feel the squeeze at the pump.
Gas prices rose 7¢ on Thursday, up from $4.23 on Wednesday, according to AAA data. The last time average U.S. gas prices topped $4.15 a gallon was in April 2022, shortly after Russia launched its full-scale invasion of Ukraine. Gas prices have been rising since the U.S. and Israel's war in Iran began on February 28, when a gallon cost $2.98.
For Americans looking carefully at what the consequences of the war would be on the nation’s economy, the apparently unstoppable climb in gas prices is further bad news, after the latest Bureau of Labor Statistics (BLS) data showed that inflation jumped to its highest level in two years in March, driven by coffee, fuel, and housing price hikes.
This rise in inflation, turbocharged by skyrocketing energy prices stemming from ongoing disruptions in the Strait of Hormuz, is reflected in President Donald Trump’s plummeting approval rating.