![Average US gas prices chart]() The average price of gas is climbing fast, edging towards $4 per gallon. Pump signs haven’t cleared that threshold already partly because gas prices in early 2026 had fallen below $3 per gallon, the lowest national average in nearly five years. The average jump nationally is just under 33% over the past month, but in New Mexico, Kentucky, and Oklahoma, prices have soared by more than 40%. In eight states, the average price has cleared $4 per gallon — and in three, $5 per gallon. Trump has said that when the conflict ends, “oil prices are going to go down very, very rapidly.” |