US energy inflation soared to 17.9% year-over-year in April 2026, up from 12.5% in March and marking the steepest annual increase since September 2022. The surge was driven by the Iran war and the closure of the Strait of Hormuz. Energy commodities spiked 29.2%, with gasoline prices up 28.4% and fuel oil rising 54.3%. Energy services also climbed 5.4%, led by a 6.1% increase in electricity costs and a 3.0% rise in piped gas service. On a monthly basis, energy prices jumped 3.8% in April, following a 10.9% surge in March. source: Bureau of Labor Statistics
Energy Inflation in the United States increased to 17.90 percent in April from 12.50 percent in March of 2026. Energy Inflation in the United States averaged 4.39 Percent from 1958 until 2026, reaching an all time high of 47.13 Percent in March of 1980 and a record low of -28.09 Percent in July of 2009. This page includes a chart with historical data for the United States Energy Inflation. United States Energy Inflation - values, historical data and charts - was last updated on May of 2026.