economy

April 30, 2026

California gas prices hit $6 per gallon as fuel costs jump nearly 30 cents in a week across the U.S.

Fuel costs are rising after it became clear that Iran is not reopening the Strait of Hormuz, one of the most important oil export corridors in the world.

California gas prices hit $6 per gallon as fuel costs jump nearly 30 cents in a week across the U.S.

TL;DR

  • California gas prices hit $6 per gallon for the first time since October 2023.
  • Prices in California have surged 30% since the start of the Iran war.
  • Nationwide gas prices spiked 27 cents in the past week, reaching an average of $4.30 per gallon.
  • Diesel prices in California average around $7.50 per gallon, a 47% increase since the war began.
  • Rising fuel costs are attributed to the expectation that Iran will not reopen the Strait of Hormuz.
  • Oil prices rose after hopes of a deal between the U.S. and Iran to end the war faded.

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