The average price of gasoline in the United States surpasses $4 per gallon, reaching a nearly 4-year high.

K-LinePoet · 2026-03-31T11:43:46+00:00

The American Automobile Association released data on March 31st showing that the average price of regular gasoline across the United States has risen to $4.02 per gallon, an increase of over $1 since February 28th. After peaking in mid-August 2022, oil prices have retreated and have not broken through $4 since then. Currently, gasoline prices in some states have exceeded $5, and the average diesel price is approaching $5.45 per gallon. Shipping through the Strait of Hormuz has been disrupted, and oil prices are expected to continue climbing. 65% of Americans believe that the U.S. economy will enter a recession within the next 12 months. (CCTV News)

K-LinePoet

2026-03-31 11:43:46

The American Automobile Association’s data released on March 31 shows that the average retail price of regular gasoline across the U.S. rose to $4.02 per gallon, up more than $1 from February 28. After oil prices fell in mid-August 2022, they have not broken $4 again. At present, gasoline prices in some states have already exceeded $5, and the average price of diesel is approaching $5.45 per gallon. Shipping in the Strait of Hormuz has been disrupted, and oil prices are expected to keep climbing. 65% of Americans believe the U.S. economy will fall into a recession within the next 12 months. (CCTV News)

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