U.S. Gas Hits $4.097 a Gallon as Hormuz Closure Sours Consumer Confidence
Updated
Updated · Yahoo! Voices · Aug 26
U.S. Gas Hits $4.097 a Gallon as Hormuz Closure Sours Consumer Confidence
2 articles · Updated · Yahoo! Voices · Aug 26
Summary
$4.097 per gallon became the U.S. average gas price on Aug. 26, with only eight states still below $4 and California highest at $5.623.
Hormuz disruptions after the late-February Iran war squeezed global oil supply, pushing U.S. gas from $2.98 before the strikes to $4 within a month and keeping it stubbornly elevated.
89.4 was the Conference Board's August consumer-confidence reading, the lowest in seven months, as households reported cutting spending, driving less and delaying bills, maintenance or insurance coverage.
36% of Americans approve of President Donald Trump in the latest YouGov/Economist poll, while 57% disapprove; a Reuters/Ipsos poll put his approval at 33% and disapproval at 65%.
65% of adults say gas costs will factor into their 2026 midterm vote, underscoring how a prolonged Strait of Hormuz closure could keep pressuring both household budgets and Republicans politically.