Gas Prices Surge: Average Up 53% to $4.56 Per Gallon

Published on 5/21/2026

Gas Prices Surge: Average Up 53% to $4.56 Per Gallon

AI Summary

In late February, the average price of gas was $2.98 per gallon, but it has risen to $4.56 per gallon, indicating an increase of over 50% in less than 90 days. This surge is attributed to the ongoing conflict in Iran. Shell has launched a Mastercard® offering 4% back on Shell gas, while bp is providing a temporary discount of 50 cents per gallon for new accounts until September 30, 2026. The Exxon Mobil Smart Card+™ offers savings of 10-12 cents per gallon, demonstrating various options available to consumers facing higher fuel costs.