US gas prices edge up again as US-Iran tensions heighten over strait of Hormuz

Jul 16, 2026 - 12:55
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US gas prices edge up again as US-Iran tensions heighten over strait of Hormuz

Diesel tops $5 a gallon as regular gas reaches almost $4, nearly a dollar and a quarter more than a year ago

The average price of diesel fuel in the US has increased again to more than $5 a gallon, according to the AAA, and the average price of gas is almost $4, returning to their highs before the June memorandum of understanding between the US and Iran.

It’s a reminder to consumers and truckers of the costs of the Iran war and the unpredictable rhetoric from both Washington and Tehran. A year ago today, the AAA says, the average price for a gallon of diesel was $3.72, almost a dollar and a quarter less than it is now.

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