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US Gas Prices Surge to $4.5 After Iran Bombing

5/18/2026

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Story summary
  • U.S. gasoline prices rose to $4.517 per gallon after the U.S. bombed Iran in February.
  • A later report listed the price at $4.513 per gallon.
  • Price jumped from $2.89 before the bombing to $3.48 in March, a 56% increase.
  • The New York Times said President Donald Trump failed to get China to persuade Iran to reopen the Strait of Hormuz, warning gasoline costs could reach extreme levels without a solution.