
U.S. Gas Prices Cross $4 Per Gallon Again as War, Refinery Constraints, and Summer Demand Collide
The average U.S. price of gasoline crossed $4 per gallon on July 20, 2026, returning to a threshold that carries both economic weight and political symbolism during peak summer driving season. The Strait of Hormuz conflict is the most visible driver, but the price spike reflects a convergence of structural pressures that predates the renewed fighting:


































