U.S. gas prices hit $3.71 avg by March 16, 2026, with Los Angeles reaching $8.31 due to location and supply concerns.

Gas prices in the U.S. rose to a national average of $3.71 per gallon by March 16, 2026, fueled by tensions in Iran and oil supply concerns. In Los Angeles, a Chevron station in Chinatown charged $8.31 per gallon—nearly $5 above the national average—attributed to its downtown location, though nearby stations charged significantly less. Officials say such pricing is not illegal without a declared emergency, and only a few customers were seen refueling, suggesting high prices may be deterring business. The situation underscores regional pricing disparities amid volatile energy markets.