Gas Prices Surge 26.7% Year-Over-Year; National Average Hits $4.10 as Oil Tensions Persist
US gas prices have climbed to $4.10 per gallon as of late July, up 20.5% from a year ago, driven by continued Middle East conflict. Analysts warn prices could reach $4.50 this summer if tensions escalate further.
The US national average gas price is $4.10 as of July 23, 2026, up from $3.95 last week. The national average reached $3.79 per gallon on July 7, 2026, up 20.5% from a year earlier. Nearly every state and many metropolitan areas recorded double-digit percentage increases.
The average price of gasoline jumped 26.7% in the 12 months ending June. While June saw a temporary reprieve as energy prices fell 5.7% during the ceasefire, a ceasefire has collapsed, and the benchmark U.S. oil price is rising again. With gas prices soaring in 2026 due to the war with Iran, gas prices could reach an average of $4.50 during summer 2026 if the conflict continues to drive up the price of gas at its current rate.
State-by-State Variation
As of July 7, 2026, Hawaii had the nation's highest average gas price at $5.46 per gallon, followed by California ($5.37) and Washington ($5.02). They were the only states with average gas prices above $5.00 per gallon. Gas prices are the top concern for American adults, with 86% saying they are concerned about the price of gas going forward. This is slightly ahead of household bills and groceries at 85%. In fact, 25% of respondents are extremely concerned about the cost of gas, representing the highest percentage of extreme worry among those surveyed.
For expats and foreign residents relying on cars for daily commutes or travel, these prices meaningfully cut into household budgets and savings for down payments. Those planning to relocate across regions should factor in $4–$5 per gallon when budgeting for moves or road trips. If you receive remittances or salary in a weaker currency, this cost squeeze is even sharper.
Sources
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