economy
April 30, 2026
Gas prices: National average soars to $4.30 per gallon, California hits $6 per gallon
The national average for regular gas continued to rise on Thursday, reaching a new yearly high of $4.30 per gallon, according to AAA.
TL;DR
- The national average for regular gas reached a new yearly high of $4.30 per gallon on Thursday.
- This is the eighth consecutive day of rising fuel costs and the highest national average gas price in four years.
- Gas prices have experienced significant fluctuations over the last month, varying from $3.99 to $4.30 per gallon.
- Earlier in the year, prices dropped to a five-year low of $2.79 per gallon on January 12.
- Factors contributing to rising prices include winter weather disrupting oil refinery operations and the start of the Iran war.
- Gas prices had previously reached a 2026 high of $4.16 per gallon on April 9.
- Energy Secretary Chris Wright recently stated he believed gas prices had 'likely peaked' for the year.
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