Iran, Gas prices
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U.S. Gas prices surge to 4-year high.
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The new high comes as Trump said last week that Americans can expect to spend more on gasoline "For a little while."
Gasoline in California has topped $6 a gallon as the global energy crunch from the Iran war reverberates.
Californians have been paying nearly $6 a gallon. See why prices are so high, how they compare historically, and how Trump's Iran blockade fits in.
A few states — and now Canada — are temporarily suspending their gasoline taxes. Congress isn’t looking likely to follow suit.
Even as prices at the pump have remained elevated, American consumers are paying less than many of their counterparts in Europe and Asia.
From Aug. 25, 2025, to Jan. 26, 2026, the daily crude oil production in the U.S. ranged from 13.2M to 13.9M barrels. That is more than Americans use.
The war in Iran has disrupted supplies of diesel, used to power trucks and heavy equipment, much more than gasoline, which is primarily used in passenger cars.
Drivers continue to feel the pain at the pump as the Iran war continues.