finance
U.S. Gasoline Average Rises to $3.86 per Gallon as Iran Ceasefire Collapses and Blockade Returns
The national average reached $3.8590 per gallon on July 14, up from $3.79 the prior week. Crude oil prices jumped 9 percent that day after President Trump announced the blockade re-imposition.
Jul 15, 4:45 AM·1m read2 sources
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The U.S. national average price of gasoline rose to $3.8590 per gallon as of July 14, 2026, marking the first increase since May, OilPrice.com reported. The figure stood $0.0690 above the $3.79 average recorded one week earlier, according to AAA data cited in the report.
Crude oil prices surged 9 percent on July 14 after President Donald Trump announced that the U.S. blockade on Iran would be re-imposed that day. -Iran ceasefire. Patrick De Haan, head of petroleum analysis at GasBuddy, stated on July 14 that he expected the national average to reach $4 per gallon within 7-10 days.
He added that GasBuddy anticipates increases of $0.15 to $0.45 per gallon in the coming week and that the U.S. average diesel price could hit $5 per gallon by the end of the week. OilPrice.com reported that tight global fuel markets are also contributing to higher pump prices alongside the crude rally triggered by the blockade announcement.
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CorroborationModerate · 2 sources
