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AAA Gas Prices Reports Record High Gasoline Prices for August 2026 Due to Ongoing U.S.-Iran Conflict

AAA Gas Prices reported that the national average for regular gasoline reached a record high for the month of August in 2026, hitting approximately $4.10 per gallon. Despite a decrease in consumer demand, crude oil prices remain elevated in the $80 per barrel range due to the ongoing conflict between the United States and Iran. The administration announced that the U.S. Navy maintains control over the Strait of Hormuz, a critical waterway where 20% of the world's crude oil passes. President Trump promised the most crushing economic operation ever taken against any country against Iran, while threatening severe financial penalties for nations that help Tehran evade sanctions. These hostilities have driven gasoline prices up by more than 30% since the U.S. and Israel first attacked Iran. A Brown University analysis suggests these price increases have cost Americans more than $40 billion. While prices vary by state, California, Hawaii, and Washington remain the most expensive markets, while Indiana, Mississippi, and Texas offer the lowest costs.

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