Why Gas Prices Rise: Oil Markets, OPEC, and the Hidden Tax on American Households

Why Gas Prices Rise: Oil Markets, OPEC, and the Hidden Tax on American Households

American drivers are paying $4.13 per gallon for regular gasoline as of April 12, 2026 — up 27% from a year ago and the highest since August 2022 — driven primarily by the largest oil supply disruption in modern history.

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