Gasoline Prices Rise Toward $5 as Strait of Hormuz Remains Closed
U.S. gasoline prices climbed to $4.48 per gallon on May 5, 2026, driven by elevated oil prices and the ongoing closure of the Strait of Hormuz. Analysts warn that continued disruption could push national averages toward $5 per gallon.
Topics: Gasoline prices Iran war impact Oil prices Strait of Hormuz closure