⛽ National Average — Regular Unleaded
12-Week Price Trend
Price by Region
Price Forecast — If Ceasefire Holds
Why Iran Controls Your Gas Price
Frequently Asked Questions
Will gas prices drop in 2026?
Following the US-Iran ceasefire brokered in April 2026, energy analysts project a $0.30–$0.50 per gallon drop at the pump within 10–14 days if the Strait of Hormuz fully reopens. The national average could fall from around $4.87 toward $4.40–$4.57 by late April — assuming the ceasefire holds. If the deal collapses, Brent crude could spike above $130/barrel and prices could surpass $5.40 nationally.
What is the national average gas price today?
The current US national average gas price is updated weekly using data directly from the U.S. Energy Information Administration (EIA). The live price is displayed at the top of this page. As of early April 2026, the national average for regular unleaded is near $4.87/gal, elevated due to Strait of Hormuz disruptions.
Why are gas prices so high right now?
Gas prices surged in early 2026 after US-Israeli airstrikes on Iranian nuclear sites prompted Iran to close the Strait of Hormuz in February. The Strait carries roughly 20% of the world's daily oil supply. With tanker traffic halted, Brent crude rose above $127/barrel — pushing US pump prices to their highest levels since 2022.
Which US region has the cheapest gas prices?
The Gulf Coast consistently has the lowest gas prices in the US due to its proximity to domestic refineries in Texas and Louisiana. The West Coast — especially California — typically has the highest prices due to state fuel taxes, stricter low-emission blend requirements, and fewer pipeline connections to major refinery hubs.
How long does it take for oil price drops to reach the pump?
It typically takes 2–3 weeks for a drop in crude oil prices to fully show up at the gas pump. Wholesale gasoline prices adjust faster than retail, so consumers usually see relief about 10–21 days after oil futures fall significantly. The lag exists because retailers often price based on existing inventory bought at higher costs.
What is the Strait of Hormuz and why does it affect gas prices?
The Strait of Hormuz is a narrow waterway between Iran and Oman connecting the Persian Gulf to the broader oil market. Roughly 20% of the world's traded oil — about 21 million barrels per day — passes through it. When Iran closed the Strait in February 2026, global oil supply was immediately disrupted, sending crude prices and US pump prices sharply higher.
About This Site
Will Gas Prices Drop tracks the US national average gas price using weekly data from the U.S. Energy Information Administration (EIA). We combine live data with geopolitical context and analyst forecasts to help you understand where prices are heading. Data is updated every Monday when EIA releases its weekly petroleum report. This site is for informational purposes only and is not financial advice. Privacy Policy.