#gas-prices

Franchised dealership leaders reported a slightly weaker industry outlook in the first quarter of 2026, with concern centered on the Iran war, gasoline prices and inventory affordability.

High gasoline prices are not contradicted by U.S. oil production strength because refining needs, import patterns, and globally traded crude still tie American consumers to world markets.

The national average for regular gasoline climbed above $4 a gallon, more than a dollar higher than a month ago, as crude oil moved past $102 per barrel.

Rising gasoline prices tied to the conflict in Iran are driving more consumer interest in electric vehicles, but the economics and wider consequences of fossil-fuel volatility make the picture more complicated than a pro

Democratic senators propose the Gas Prices Relief Act as fuel costs surge amid the Iran conflict, offering a temporary federal gas tax suspension.