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Fuel Prices Surge Above $4 as Wars Disrupt Supply

7/24/2026

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Story summary
  • U.S. drivers are paying $4 per gallon for gasoline as crude oil climbs above $100 a barrel amid the U.S.–Iran war.
  • Tehran has struck military sites and infrastructure in Saudi Arabia, Qatar and the UAE.
  • Ukrainian drone strikes have knocked out Russian refineries that supply diesel, pushing diesel prices to $5.20 a gallon.
  • A congressional report found farmers spent $1.4 billion more on diesel this planting season than last year.