Oil prices

How High

Plus: FISA reauthorization passes the House, a very capitalist museum, escalation in the redistricting wars, and more...

Christian Britschgi | 4.30.2026 9:30 AM

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High prices. Oil prices briefly hit a wartime high of over $120 a barrel, before falling slightly, reports The New York Times. The paper attributes the spike to President Donald Trump's comments yesterday that the U.S. would continue its blockade of Iranian ports until the country completely abandoned its nuclear program.

Higher global oil prices are being felt by everyday gas buyers.

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Patrick De Haan, head of petroleum analysis for the gas price tracker GasBuddy, said on X that prices in some states are returning to levels not seen since summer 2022, when energy disruptions caused by the Ukraine-Russia war and high inflation sent prices to all-time highs.

Gas prices in Michigan, Indiana, Ohio, Illinois and Wisconsin are now at their highest levels since summer 2022, and are approaching new all-time records

— Patrick De Haan (@GasBuddyGuy) April 30,........

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