🗞️Gas prices jump to highest level since 2022

...also VP Vance announces his new book and a judge blocks Trumps's ballroom project

March 31, 2026

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March 31st, 2026

What happened today 🇺🇸,

U.S. average gas price hits $4 a gallon

There's little hope that costs will ease as the Strait of Hormuz remains closed to most ships, straining supplies worldwide.

www.axios.com/2026/03/31/us-gas-price-iran-war

  • U.S. gas prices have risen above $4.00 per gallon nationwide for the first time since August 2022, with AAA reporting a national average of $4.02 for regular gasoline

  • The U.S. Supreme Court, in an 8-1 decision, struck down Colorado's ban on conversion therapy for minors, ruling it violates the First Amendment by discriminating against therapists' speech based on viewpoint

  • Vice President Vance will release his new book called Communion: Finding My Way Back to Faith on June 16th, the book dives into his personal religious journey, including his conversion to Catholicism as an adult

  • A federal judge issued a temporary block on President Trump's $400 million plan to construct a 90,000-square-foot ballroom in place of the demolished White House East Wing, until Congress authorizes its completion

  • A federal judge has blocked President Trump's executive order aiming to terminate federal funding for NPR and PBS, ruling it likely violates the First Amendment

  • Allbirds, once valued at $4 billion after raising nearly $300 million in its 2021 IPO, announced that it will sell its assets including IP, inventory, and goodwill to American Exchange Group for $39 million

  • WHOOP, the screenless wearable fitness and health tracker company, raised $575 million in a Series G funding round, achieving a $10.1 billion valuation

  • Mercedes-Benz announced a $4 billion investment in its Alabama plant to ramp up U.S. production, specifically targeting SUV output through 2030

  • Nvidia announced a $2 billion investment in Marvell Technology as part of a strategic partnership to develop specialized AI chips

  • S&P up 2.91% / Nasdaq up 3.83% / DOW up 2.49%

  • The Wall Street Journal reported that the USS George H.W. Bush is deploying to the Middle East to join the USS Abraham Lincoln and Gerald R. Ford carrier strike groups already in the region

  • Iran's President Pezeshkian stated that Iran is ready to end the war with the U.S. and Israel but requires firm guarantees against future aggression

  • China and Pakistan announced a joint five-point peace initiative, calling for an immediate ceasefire in the ongoing war with Iran, the start of peace talks under international mediation, and the reopening of the Strait of Hormuz to restore normal shipping

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Plus: A look at U.S. income and house prices in 1985 vs. 2025

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