We live in an era of economic uncertainty where gas prices are highly volatile. U.S. gas prices swung from a national average of $3.10 a gallon in 2025, the third straight year that fuel costs had fallen, to $4.09 a gallon as of July 23, 2026, according to AAA, reversing that multi-year trend.
Crude oil is trading near $90 a barrel right now, and AAA connects the increase to the unrest playing out around the Strait of Hormuz. Prices have climbed enough that some drivers are switching to regular gas instead of the premium grade, just to soften the hit at the pump, even though the cars in question are designed to run on premium.
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