Energy & Environment — Average US gas price hits $4 per gallon

View Online Energy & Environment Energy & Environment The Big Story  US gasoline price averaging $4 per gallon: AAA The average gasoline price in the U.S. has risen to $4 per gallon as the U.S.-Iran conflict escalates again. © Nam Y. Huh, Associated Press According to AAA, the average price was exactly $4 on Monday, a number it had been creeping toward in recent days after the ceasefire between the U.S. and Iran fell apart.   That’s up from about $3.87 a week ago.   As the ceasefire ended, Iran began firing on oil tankers in the Strait of Hormuz, a key shipping lane for oil from the Middle East. About a fifth of the world’s oil flows through this channel during peacetime. At the same time, the U.S. said it was imposing a blockade on the strait.   Ship traffic through the strait appears to have slowed. According to MarineTraffic.com, crossings of the waterway “remained limited” over the weekend.   These developments sent the price of oil, the main component in gasoline, upward in recent weeks.    After the now-dissolved ceasefire was announced, U.S. benchmark West Texas Intermediate crude futures were trading at as low as $67 per barrel, but they are trading at $83 a barrel as of Monday afternoon.   The White House says that prices "will plummet back to pre-conflict levels” after the U.S. military curtails Iran’s ability to attack ships in the strait.   Read more at TheHill.com. Welcome to The Hill’s Energy & Environment newsletter, I’m Rachel Frazin — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. Did someone forward you this newsletter? Subscribe here. Essential Reads  How policy will affect the energy and environment sectors now and in the future: Trump says Canada ‘poisoned’ US air with wildfires, floats new tariffs President Trump on Sunday said Canada “poisoned” U.S. air as smoke from wildfires in the Great White North swept across American states.   Full Story Iran: 2 oil tankers in Strait of Hormuz have exploded Iran’s Islamic Revolutionary Guard Corps (IRGC) on Monday said two “deviant” oil tankers exploded after passing through the Strait of Hormuz.  Full Story Trump calls for review after climate manual for judges withdrawn President Trump called for a “review” on Sunday of an updated judges’ manual that he claims the left improperly influenced.  Full Story What We’re Reading  News we’ve flagged from other outlets touching on energy issues, the environment and other topics: Data centers want to build their own gas turbines. Would that skirt state renewable energy laws (Virginia Mercury) Trump orders tightening of defense supply-chain waiver rules (Reuters) On Tap  Upcoming news themes and events we're watching: The House Natural Resources Committee will hold two legislative hearings in its Water, Wildlife and Fisheries and Energy and Mineral Resources subcommittees The Senate Energy and Natural Resources Committee will hold a hearing on parks-related legislation The National Coal Council will meet What Others are Reading  Two key stories on The Hill right now: Higher consumption of sweeteners linked to decline in memory Consuming popular sugar substitutes may be linked to a faster decline in memory and thinking skills, according to new research. Read more Talarico shouted down during tense moment at Houston town hall Texas Senate candidate James Talarico (D) received a harsh reception from an attendee at his town hall in Houston on Sunday. Read more   You’re all caught up. See you tomorrow!  Check out The Hill's Energy & Environment page for the latest coverage. Like this newsletter? Take a moment to view our other topical products here 📩 Privacy Policy  |  Manage Subscriptions  |  Unsubscribe  400 N Capitol Street NW Suite 650, Washington, DC 20001 Copyright © 1998 - 2026 Nexstar Media Inc. | All Rights Reserved.

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