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Gas Prices in El Paso Surge Past $4 Amid Middle East Conflict

KVIA•Tuesday, March 31, 2026 at 8:47 AM•CNN Newsource

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As of Tuesday, the average price for gasoline in the U.S. has surpassed $4 per gallon, marking the highest level since 2022, largely due to escalating tensions in the Middle East. This surge represents a significant 34.7% increase from $2.98 just a month ago, driven by a sharp rise in oil prices, which have exceeded $100 per barrel. The conflict has disrupted oil tanker traffic through the Strait of Hormuz, affecting about 20% of the world’s oil supply. While the rise in prices is immediate, any potential decrease at the pump may take time to materialize even if the conflict resolves. Drivers are advised to prepare for ongoing volatility in fuel costs and potential state actions regarding gas taxes.

Key Details: • Average gas price in the U.S. now exceeds $4 per gallon. • Prices have risen by approximately $1 per gallon in the last month. • Oil prices have surged over 50% in March, reaching over $100 per barrel. • State taxes on gas average 33 cents per gallon; potential for tax holidays. • EPA has relaxed regulations on summer gasoline blends to help reduce prices.

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