Overview
- Average pump prices sit around $4.53 to $4.56 per gallon nationwide, and every state is now at $4 or more, with the typical driver paying about $75 more per month than before the Iran war.
- Government data show April inflation rose 3.8% from a year earlier as gasoline jumped 5.4% in a month, and oil ended the week higher with Brent near $109 and U.S. crude about $105.
- President Trump has endorsed a temporary suspension of the federal gas tax, which is about 18 cents per gallon, as aides seek a visible step to ease costs for consumers.
- The political fallout has intensified after Trump said he does not consider Americans’ finances in his Iran decisions and then called the remark a “perfect statement,” while Rep. Jim Jordan drew criticism for saying higher prices are “that’s life.”
- Rural voters interviewed by Reuters in Colorado said they would accept higher fuel costs to block an Iranian nuclear weapon, even as the effective closure of the Strait of Hormuz, a key oil chokepoint, keeps supplies tight and prices elevated.