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U.S. Gas $4.23/gal, Costs Up 42%

4/29/2026

27 4 Full Breakdown

Summary

Story summary

Rising oil disruptions have pushed U.S. gasoline to a $4.23-per-gallon record, straining household budgets.
Oil prices rose about 3 % on Wednesday, with Brent at $108 and WTI above $103.
Driver costs have risen 42 % and diesel prices 50 % since the war in Iran began.
Bank of America analysts warn lower-income families cannot rely on credit, yet higher savings and expected tax refunds could offset fuel bills for about five months.

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Story summary

Rising oil disruptions have pushed U.S. gasoline to a $4.23-per-gallon record, straining household budgets.
Oil prices rose about 3 % on Wednesday, with Brent at $108 and WTI above $103.
Driver costs have risen 42 % and diesel prices 50 % since the war in Iran began.
Bank of America analysts warn lower-income families cannot rely on credit, yet higher savings and expected tax refunds could offset fuel bills for about five months.