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Inflation jumps to its highest level since 2023. Here are 3 things costing a lot more

Gasoline prices have jumped about $1.50 a gallon since the U.S. launched its war with Iran. Rising fuel prices are a big driver of overall inflation. **Ronaldo Schemidt/AFP** Ronaldo Schemidt/AFP The U.S. war with Iran

Poll: Trump blamed for gas prices as Democrats gain midterm edge

war, [prices were below $3 a gallon](https://www.gasbuddy.com/charts) on average. [](https://www.npr.org/2026/05/03/nx-s1-5809433/gas-prices-rise-week-hormuz-iran-war) ### [Economy](https://www.npr.org/sections/economy/)

Gas prices keep rising, but do big oil companies plan to drill more? Not so far

gasoline prices fairly low, helping bring down inflation. For producers, prices were high enough to turn a profit but not high enough to justify sending a bunch of drilling rigs out to boost production

Trump heads to China for state visit. And, how the war in Iran has affected inflation

Iran is affecting consumer prices.** Higher gasoline prices are the most noticeable fallout from the conflict in the U.S. As the war enters its 11th week, the president has said he wants to temporarily suspend

Passenger railroads see a sharp jump in ridership as gas prices climb

U.S. passenger railroads is surging, too. Amtrak, the national passenger railroad, reported a five percent increase in [ridership in March](https://www.amtrak.com/content/dam/projects/dotcom/english/public/documents/corporate/monthlyperformancereports/2026/Amtrak-Monthly-Performance-Report-March-2026.pdf) compared with a year ago. And Brightline, the privately-owned railroad

Tax season was supposed to bring big refunds. So far they're less than expected

increase in the SALT, or state and local tax, deduction cap raised by the One Big Beautiful Bill Act. Filers can now deduct up to $40,000 for property, sales and income taxes paid

Your next flight could be more expensive as jet fuel costs soar

war in Iran, a price increase even sharper than the spikes seen in gasoline and diesel. In response, airlines around the world are [cutting routes](https://www.aviacionline.com/english/commercial-aviation/europe/norse-atlantic-reports-record-trask-but-cuts-california-flights_a69df8301f677f0d145b49100), raising [fares](https://www.wsj.com/business/airlines/airline-flight-cost-jet-fuel-impact-6ade2e32), adding [fuel

Gasoline could drop below $4 in coming days

U.S. crude is under $85 a barrel after rising above $110 at one point in the conflict. If these current prices hold, drivers should soon start to see prices dropping at the pump, says Patrick

Gas prices went up more than 30 cents a gallon last week. How high could they go?

Gasoline prices are displayed at a Mobil gas station on April 29 in Portland, Ore. **Jenny Kane/AP** Jenny Kane/AP Gas prices in the U.S. have gone up more than 30 cents a gallon

Hegseth faces questions about Iran in first congressional appearance since war began

prices are now threatening the pocketbooks of millions of people in the U.S. "Secretary Hegseth, you have been lying to the American public about this war from day one and so has the president," said

Could this conference be a 'turning point' for the world's use of fossil fuels?

Iran. High oil and gas prices and energy shortages triggered by the recent war have created what the Executive Director of the International Energy Agency, Fatih Birol, has called "[the mother of all energy crises