US Gasoline Prices Hit Highest of Trump Era as Middle East Disruption Tightens Supplies
Mar 6th 2026
Average pump prices climbed to $3.32 a gallon and futures spiked as Middle East supply disruptions, export cuts and a seasonal refinery transition pushed fuel costs higher.
- Average retail price rose to $3.32 per gallon, the highest level of Donald Trump’s presidency, according to the AAA.
- Gasoline futures jumped about 27% this week, the biggest weekly advance since March 2022.
- Conflict in the Middle East has disrupted crude and LNG flows through the Strait of Hormuz, tightening supplies.
- The Treasury eased restrictions to allow India greater access to Russian oil to help relieve price pressure.
- China ordered major refiners to suspend diesel and gasoline exports and Qatar halted LNG output after an attack.
- US refiners switching to costlier summer-grade gasoline is adding seasonal upward pressure on pump prices.