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US Gas $4.23, California $5.98 as Iran War Rises

5/1/2026

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Story summary
  • Gasoline averaged $4.23 per gallon on April 29, 2026, with Patrick De Haan forecasting a rise to $4.50 as the Iran war lifts crude.
  • California led at $5.98 per gallon on April 29, 2026, with Energy Information Administration reporting crude oil makes up 51% of gasoline cost and refining, taxes and distribution each add about 20%.
  • Indiana prices rose to $4.30, with pumps at $4.99 April 29, 2026.