Gas Prices Hit 8-Month High — Here's How High They Could Go
The national average for regular gasoline climbed to $4.12, with California already above $5. Analysts map the path to $4.50+ if Hormuz risk persists.
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The numbers
The US national average for regular gasoline hit $4.12 per gallon, an 8-month high, as crude oil prices climb on Hormuz tensions.
State breakdown
- California: $5.02
- New York: $3.91
- Florida: $3.58
- Texas: $3.41
The transmission
Gasoline prices lag crude by roughly 2–3 weeks. Today's pump prices don't yet fully reflect the recent $88+ Brent print.
Scenario planning
- Base case (de-escalation): Prices stabilize around $4.00–$4.20
- Risk case (status quo): Drift to $4.30–$4.50
- Worst case (Hormuz disruption): Spike to $5.00+ nationally
What you can do
Fill up now if you've been delaying. If you commute, consider fuel-efficient routing or carpooling.
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