Average gasoline prices in the US have surpassed $3 per gallon for the first time since November 2025.

As of March 2, 2026, the national average retail gasoline price crossed the $3 threshold, according to OPIS and AAA data. Prices had already been on an upward trend in recent weeks, but this crossing accelerated, particularly due to tensions in the Middle East.
Experts point to sharp increases in global oil markets due to recent US and Israeli attacks on Iran and Tehran's retaliatory threats to disrupt oil flow through the Strait of Hormuz. Brent crude oil prices have risen by over 5% in recent days, approaching around $77 per barrel. This has directly impacted gasoline prices.
GasBuddy's chief oil analyst, Patrick De Haan, stated that prices have exceeded $3 for the first time this year and that prices, which had fallen to $2.85 in February, are now rapidly moving upwards. Gulf Oil consultant Tom Kloza emphasized that if the current crisis continues, the national average could rise to $3.25 this week, or even higher. The main reasons for the price increase include:
Increased geopolitical risk premium
Transition to summer gasoline (more expensive production)
Refinery problems and concerns about supply disruptions
This development has become a significant factor testing public support for US President Donald Trump's Iran policy. Many polls indicate that rising gasoline prices could negatively impact voter sentiment. Inflation and energy costs are particularly sensitive issues ahead of the upcoming midterm elections.
Drivers are preparing to face higher prices at the pumps in the coming days; experts predict additional increases of 10-30 cents. How much prices will rise will depend on the course of the conflict and potential disruptions in oil supply.
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