How high will gas prices go in 2026?

Three scenarios: quick resolution ($3.50-3.80/gal), sustained Hormuz disruption ($4.50-5.00), or full escalation ($6.00-7.50). National average is currently $3.31 and rising.

Why are gas prices going up because of the Iran war?

The Strait of Hormuz handles 21% of global oil supply. Its closure forces tankers on 10-14 day longer routes around Africa, reducing supply and increasing transportation costs.

When will gas prices go back down?

Gas prices typically normalize 3-6 months after oil supply disruptions end. If Hormuz reopens within 30 days, prices could stabilize by May 2026.

Which states have the highest gas prices right now?

California ($5.19), Hawaii ($5.05), Washington ($4.25), and Oregon ($4.15) have the highest gas prices due to state taxes, refinery capacity, and distance from Gulf Coast supply.

Gas Price Forecast 2026: How High Will Prices Go?

Gas prices averaging $3.31/gallon nationally, up $0.32 in one week. Three scenarios: quick resolution ($3.50-3.80), sustained disruption ($4.50-5.00), and full escalation ($6.00-7.50). Impact on household budgets estimated at $159-288/month.