Elevated Oil Prices Drive Stark Gap Between Costs to Fuel Gas and Electric Cars

By the Editorial Team · Sunday, July 19, 2026

Since the conflict between the U.S. and Iran began in February, gasoline prices in the U.S. have risen by 37 percent, increasing the average monthly fuel cost for drivers to about $149. This surge has made electric vehicles more cost-effective to operate than gasoline cars in most states, potentially accelerating a shift toward electric and hybrid vehicles despite a recent drop in EV sales.

Since the outbreak of conflict between the United States and Iran in February, the cost of fueling vehicles in the U.S. has risen significantly, with gasoline prices experiencing a sharp increase that has not been matched by electricity rates. According to data from OPIS, a Dow Jones energy market analytics firm, the average American driver, covering approximately 943 miles monthly, now spends about $149 on gasoline each month—representing a 37 percent rise compared to prior to the onset of hostilities.

Electric vehicle (EV) owners have also faced higher costs, although the impact has been less severe. Monthly charging expenses for EVs increased by roughly 16 percent, averaging $106 per month. Before the conflict, in states such as West Virginia, fueling a gasoline vehicle was generally cheaper than charging an electric one. However, recent price shifts have reversed this trend, making EVs more economical to operate than gas cars in nearly every state.

The discrepancy in fuel costs is especially pronounced in some areas like Wisconsin, where gasoline prices surged substantially while local electricity rates showed minimal change. This widening gap has prompted some consumers to reconsider their vehicle choices amid rising fuel expenses linked to the ongoing war and its effect on global oil markets.

Despite a noticeable downturn in EV sales following the expiration of federal tax incentives, there has been a notable increase in hybrid vehicle purchases, indicating a degree of consumer responsiveness to fluctuating energy prices. At a Pennsylvania gas station, drivers expressed mixed reactions: some voiced regret over continuing with gasoline-powered vehicles amid soaring costs, while others reflected on the relative affordability and benefits of owning electric models.

The monthly fuel cost calculations are based on standard driving distances and vehicle fuel efficiencies, underscoring the tangible economic pressures influencing vehicle operation choices. Analysts suggest that this evolving cost dynamic might accelerate a transition toward electric and hybrid vehicles, even as recent declines in EV sales present a complex picture of consumer behavior amid changing energy landscapes.

This article was reported by synthesizing coverage from multiple independent news outlets to present a balanced, unbiased account. Read about our editorial standards. Spotted an error? Let us know.