United States gas prices surge on Hormuz disruption
Read, Watch or Listen
The average U.S. price of regular gasoline reached $4.55 per gallon on Friday, May 22, 2026, the highest level for the Friday before Memorial Day since 2022. Prices have risen more than 50 percent since February 28, 2026, when U.S. and Israeli forces began military operations against Iran. The conflict has led to a near-total halt of commercial oil shipping through the Strait of Hormuz, which normally carries about 20 percent of global oil supplies. The International Energy Agency calls this the largest oil supply disruption on record. Analysts warn gasoline could reach $5 per gallon in June if Hormuz remains closed.
Prepared by Christopher Adams and reviewed by editorial team.
Timeline of Events
- 2022 Russia invades Ukraine, gasoline surges
- Late February 2026 U.S. and Israel strike Iran
- Since late February 2026 Strait tanker traffic plunges
- Since late February 2026 crude oil prices spike
- Thursday May 21 2026 single-day gasoline average peaks
- Friday May 22 2026 national average hits $4.55
- May 22 2026 GasBuddy analyst warns $5 possible
- June 2026 forecast period for potential $5
Why This Matters to You
Your wallet is feeling the heat. Gas prices have jumped over 50% since February. That's a big hit if you're driving to work or planning a road trip. Check out local public transportation or carpooling options to save some cash.
The Bottom Line
This is the biggest oil supply disruption on record. If the Strait of Hormuz stays closed, we could see $5 gas in June. Worth forwarding if you know someone who's budgeting for summer travel.
- Articles Published:
- 1
- Right Leaning:
- 0
- Left Leaning:
- 0
- Neutral:
- 1
- Distribution:
- Left 0%, Center 100%, Right 0%
Not specified in source.
Not specified in source.
Coverage of Story:
From Left
No left-leaning sources found for this story.
From Right
No right-leaning sources found for this story.
Comments