Gas Prices Rising This Week April 2026: $4.12 Average, $5 Possible — What J.P. Morgan Is Warning

# Gas Prices Rising This Week April 2026: $4.12 Average, $5 Possible — What J.P. Morgan Is Warning

> **Quick answer:** Gas prices resumed their climb on Monday April 21, 2026, with the national average near $4.12 per gallon — up more than a dollar from $2.98 before the Iran conflict began. Diesel is at $5.62, up 49% since the conflict started. J.P. Morgan warns prices could hit $5 this month if the Strait of Hormuz stays effectively closed. Energy Secretary Chris Wright said Sunday that sub-$3 gas probably won't return until 2027. Even a ceasefire today would take 5-8 weeks to reach your pump.

Gas prices rising this week in April 2026 are not a blip — they are a direct consequence of the most significant disruption to global oil flows since the 1973 Arab oil embargo. On Monday morning, the AAA national average sits near $4.12 per gallon, and every data point from Wall Street analysts to the Energy Secretary's own Sunday interview suggests the pain has weeks, possibly months, still to run.

*This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.*

## Where Prices Stand on Monday April 21, 2026

The national average gasoline price has been rising nearly every day since the Strait of Hormuz was first effectively closed in mid-March. Here is the current snapshot from AAA data: