United States
US gas prices hit record high in March
Thursday, 16 April 2026 at 23:02 UTC · 1 source
US consumer spending on gasoline surged 16% year-over-year in March 2026, driven by a record-high national average price of $4.12 per gallon. Overall, Americans spent 25% more on fuel in March than in February, indicating a sharp monthly acceleration in costs. The report explicitly links the price surge to the ongoing conflict involving Iran.
Key Details
Record national average gasoline price: $4.12/gallon
Year-over-year consumer gas spending increase: +16%
Month-over-month fuel spending increase: +25%
Sources
Cycle: Thursday, 16 April 2026 at 23:02 UTC · First reported: 3h ago