Gas prices break record for days above $4 a gallon as oil shortage continues
The national average gas price has topped $4 a gallon for a total of 158 days in 2026, setting a record for the largest number of days ever recorded above $4 in a calendar year, GasBuddy petroleum analyst Patrick De Haan said in a post on X on Wednesday.
The Iran war caused gasoline prices to surge after fighting in the Strait of Hormuz prompted a historic oil supply shock.
An oil shortage continues to bedevil crude sellers, who typically pass along higher costs to retailers and, in turn, drivers at the pump. Global oil prices register above $106 a barrel, marking a 50% jump from their pre-war level.
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