US gasoline prices hit $3.88, highest since 2022

Gasoline prices in the United States continued their upward trajectory on Thursday, March 19, reflecting mounting pressure on global energy markets linked to the ongoing war involving Iran.

According to data from the American Automobile Association, the national average price for a gallon of regular gasoline rose by an additional 4 cents, reaching $3.88. CNN reported that this marks the highest level recorded since October 17, 2022, when prices spiked in the aftermath of the full-scale war in Ukraine.

The recent surge has been particularly sharp. Since the start of the war in Iran, gasoline prices across the US have climbed by a total of 90 cents in just 19 days, underscoring the speed at which geopolitical tensions are feeding into domestic fuel costs.

Regional disparities remain pronounced. In eight states, the average price of gasoline has already exceeded $4 per gallon. In three states—California, Hawaii, and Washington—prices have crossed the $5 threshold, placing additional strain on consumers in those areas.

The sustained rise in fuel prices highlights the direct impact of global supply disruptions on the US market, as energy flows remain volatile amid escalating tensions in the Middle East.

By Tamilla Hasanova