Gas prices spike in Texas amid continued Strait of Hormuz uncertainty
Posted/updated on: May 3, 2026 at 6:46 am
TYLER, Texas (KETK) – AAA Texas said the statewide average gas price spiked by 25 cents since last week amid continued uncertainty over the Strait of Hormuz.
“Drivers had been seeing some minor relief at the pump, but that trend has quickly reversed as crude oil prices climb and uncertainty continues around the Strait of Hormuz,” AAA Texas spokesperson Daniel Armbruster said. “Because crude oil is the main driver of gasoline prices, continued volatility in the global oil market could keep upward pressure on pump prices in the days ahead.”
Oil prices surged above $100 this week, prompting Texas’s average regular unleaded gas price to reach $3.85 per gallon, well below the nationwide average of $4.30 per gallon.
According to AAA Texas, fuel prices haven’t been this high since 2022, as the world continues to wait and see whether the Strait of Hormuz will reopen.
