Gas prices ‘likely’ to shatter record of $5.03 a gallon this summer, experts warn
Experts predict that gas prices in the U.S. could exceed the record high of $5.03 per gallon this summer. The forecast is influenced by the ongoing closure of the Strait of Hormuz amid tensions between the U.S. and Iran. Many Americans are reconsidering their travel plans due to rising fuel costs.
- ▪Gas prices are expected to average $4.80 per gallon or higher during the summer months.
- ▪The closure of the Strait of Hormuz is a significant factor affecting gas prices.
- ▪As of now, gas prices are averaging about $4 a gallon in most states, with some states exceeding $5.
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| Original publisher | New York Post |
| Canonical URL | https://nypost.com/2026/05/20/us-news/gas-prices-likely-to-hit-record-highs-this-summer/ |
| Publication time | Wed, 20 May 2026 18:50:47 -0400 |
| Retrieval time | 2026-05-20T22:55:03.053Z |
| Last seen | 2026-05-20T23:10:42.374Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | l9uwrwJUFi_- |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
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| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
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Opening excerpt (first ~120 words) tap to expand
US News Gas prices ‘likely’ to shatter record of $5.03 a gallon this summer, experts warn By Alex Oliveira Published May 20, 2026, 6:50 p.m. ET See more of our coverage in your search results. Add The New York Post on Google Drivers could be in for pain at the pump during the busy summer travel months, with an average of $4.80 per gallon or higher expected between Memorial Day and Labor Day. The dire forecast, from gas-tracking service GasBuddy released Wednesday, comes as the Strait of Hormuz remains shut as the US and Iran maintain a tenuous cease-fire in the Middle East. GasBuddy cautioned the national average could continue ticking up — beyond the record of $5.03 per gallon set in summer 2022 when Russia’s invasion of Ukraine rocked oil markets.
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