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Home - CBSNews.com

"48 Hours" schedule: Live, DVR, and on demand Rory McIlroy wins second straight Masters Tournament Brian Hooker sent friends maps that he says show where his wife went missing in Bahamas Iran's parliament speaker says U.S. will be "nostalgic" for $4 gas as oil prices fuel inflation Democratic Rep. Eric Swalwell ends bid for California governor as he faces sexual assault allegations Trump says U.S. will blockade Strait of Hormuz after Iran peace talks collapse DHS looking into allegations Rep. Eric Swalwell hired nanny not authorized to work in U.S. Fallout from Eric Swalwell scandal grows as lawmakers eye House expulsion votes Rory McIlroy claims second straight Masters title Brian Hooker shared maps he says show where his wife went missing in the Bahamas Manhattan DA investigating sexual assault allegations against Rep. Eric Swalwell Extended interview: Sen. Dave McCormick on AI Trump says U.S. will blockade Strait of Hormuz and intercept ships that paid tolls to Iran Few see U.S. goals being met in Iran yet; Americans voice worry and stress in CBS News poll Hungarian Prime Minister Viktor Orbán concedes defeat in key election, ending 16 years in power Ukraine, Russia accuse each other of violating Putin's Orthodox Easter ceasefire Kimberly Langwell's Hidden Grave Decades after a Texas mom's disappearance, a tip leads to the location of her secret grave Kids, adults alike watch Artemis II crew's splashdown in San Diego JD Vance says U.S. and Iran did not come to a deal after marathon session Artemis II astronauts welcomed home to Houston after historic moonshot Artemis II crew returns to Houston after successful mission Artemis II astronauts speak publicly for first time since successful moon mission Federal appeals court sends White House ballroom construction lawsuit back to lower court Pope Leo criticizes "idolatry of self" in latest rebuke of Iran conflict: "Enough with war!" Iran reportedly proposes tolls for ships crossing Strait of Hormuz How Persian Gulf nations are reacting to the U.S. and Iran's temporary ceasefire U.S. naval destroyers have crossed the Strait of Hormuz, CENTCOM says Trump says U.S. is "clearing out" the Strait of Hormuz as U.S., Iranian officials meet in Pakistan Risk on the Road | Sunday on 60 Minutes
CBS News gas and oil price tracker shows how much energy ...
2026-04-22 · via Home - CBSNews.com

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The war with Iran is pushing up oil and gas prices, creating widespread financial strain on U.S. motorists, food delivery drivers, farmers as well as the U.S. Postal Service

Average U.S. gas prices topped $4 per gallon on March 31 for the first time since 2022, according to AAA.

Analysts say prices are likely to remain elevated until shipping resumes in the Strait of Hormuz, a key waterway between the Persian Gulf and the Gulf of Oman through which one-fifth of the world's oil supply flows.

Gas prices are typically higher in California, which relies heavily on oil imports from abroad and has higher taxes on gasoline than other U.S. states. Still, prices have increased across the country. 

Diesel, which powers trucks, boats and trains that transport U.S. goods, has risen more quickly than regular gasoline, in part because diesel was already in short supply before the war began.

Oil only accounts for half the cost of a gallon of gas. The rest is a combination of refining, taxes and marketing, according to the U.S. Energy Information Administration. The time of year also influences gas prices, as demand for fuel rises during warmer months.

The U.S. is the world's leading oil producer. However, the global market sets the price. Higher oil costs mean higher prices for Americans fueling their cars.

And it's not just gas: Heating bills may be getting more expensive as the price of residential heating oil has begun to climb in response to the war in Iran.

Edited by Aimee Picchi

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