Gas prices
What the strait costs at the pump.
US regular-grade gasoline averages, refreshed hourly. Pump prices typically lag Brent crude moves by one to two weeks: long enough to see the move forming, short enough that a sustained Hormuz disruption shows up at consumers before any national policy response.
National average · live
$3.88
regular grade · /gallon · 50 states + DC
Source: AAA state gas price averages
Brent today
$84.65/bbl
Based on recent pass-through behavior, every $10 move in Brent translates to roughly $0.24 per gallon at the US pump over one to two weeks. The pass-through is asymmetric: increases tend to arrive faster than decreases, a phenomenon refiners and retailers know as "rockets and feathers."
Highest five states
- Hawaii$5.45$-0.01 7d
- California$5.39+$0.02 7d
- Washington$4.98$-0.04 7d
- Alaska$4.70$-0.04 7d
- Nevada$4.56+$0.02 7d
Lowest five states
- Indiana$3.24+$0.18 7d
- Texas$3.42+$0.10 7d
- Oklahoma$3.42+$0.10 7d
- Mississippi$3.43+$0.01 7d
- Arkansas$3.46+$0.03 7d
How a Hormuz closure reaches the pump
Three steps, two to four weeks.
01
Crude shock at the global benchmark.
Brent is the world price. Historical precedent suggests a credible Hormuz closure typically produces a 15–40% Brent spike within the first week, regardless of the buyer's geography. Even the United States (functionally self-sufficient on crude) prices its products against Brent.
02
Refining and freight tighten.
Cape-route freight rates spike because tanker supply is fixed. Bunker fuel rises. Refining margins compress on Hormuz-specific grades. US Gulf Coast refiners configured for medium-sour crude switch to substitutes at operational cost.
03
Pump prices move.
Pass-through to retail gasoline lands within two to four weeks. The asymmetry (faster up than down) is well documented. SPR drawdowns can blunt the upside, but a sustained closure exceeds the SPR's daily release capacity within weeks.