Gas prices surge above $4 nationwide

Gas prices surge above $4 as global tensions drive spike

Gas prices surge above $4 nationwide, marking the fastest 30-day increase in more than five years.

The national average climbed from just under $3.00 at the start of March to more than $4.00 per gallon by month’s end, according to AAA national gas price data.

This is the first time prices have crossed the $4 threshold since 2022.

Gas prices surge above $4 despite Oklahoma remaining lower

Even as gas prices surge above $4, Oklahoma continues to see lower prices than most of the country.

The current statewide average sits around $3.27 per gallon, with metro areas like Oklahoma City and Tulsa slightly below that mark.

Despite the increase, Oklahoma remains among the least expensive states for fuel, though drivers are still feeling the rapid jump at the pump, based on U.S. Energy Information Administration fuel reports.

Gas prices surge above $4 due to global supply disruptions

Experts say gas prices surge above $4 largely due to global instability impacting oil supply.

Ongoing conflict in the Middle East has disrupted key shipping routes, including the Strait of Hormuz, which handles a significant portion of the world’s oil supply.

At the same time, refineries are switching to more expensive summer fuel blends while seasonal travel demand begins to rise.

Market analysts say those combined pressures are creating a geopolitical risk premium that continues to push prices higher, according to Reuters global oil market analysis.

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