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U.S. Gas Prices Hit Record Highs as Oil Tops $100

9/9/2026

12 1 Full Breakdown

Summary

Trump Predicts Drop

U.S. gasoline and diesel prices hit record highs as Brent Crude rose above $100 a barrel.
U.S. diesel averaged $5.85 per gallon, a nearly 60% increase from a year earlier.
National average regular gasoline reached $4.15 per gallon on Labor Day, breaking the 2012 record of $3.82.
President Donald Trump posted that oil prices will fall, forecasting gas at $3 then below $2.

Summary

Quinnipiac Flags

A Quinnipiac University poll finds 53 % say the Iran conflict has gone too far.
The same poll shows 34 % support U.S. military action against Iran while 60 % oppose it.
Rep. Mike Lawler rejected President Donald Trump’s “small potatoes” comment, calling the conflict serious on CNN.
UAE presidential adviser Anwar Gargash announced plans to expand eastern-coast port capacity to reduce reliance on Hormuz shipments.

History

Historical Context

In October 1973 OAPEC, led by Saudi Arabia and Iraq, cut oil shipments to the United States in retaliation for U.S. arms support to Israel during the Yom Kippur War. The embargo, lasting until March 1974, triggered soaring oil prices, a 13% drop in Western consumption between 1979 and 1981, and a lasting shift toward energy-saving policies. Today’s record gasoline prices echo that 1970s shock.

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Trump Predicts Drop

U.S. gasoline and diesel prices hit record highs as Brent Crude rose above $100 a barrel.
U.S. diesel averaged $5.85 per gallon, a nearly 60% increase from a year earlier.
National average regular gasoline reached $4.15 per gallon on Labor Day, breaking the 2012 record of $3.82.
President Donald Trump posted that oil prices will fall, forecasting gas at $3 then below $2.

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