Global Gas Pump Prices · Oil Supply Monitor

HIGHEST GLOBAL

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US NATIONAL AVG

$3.72/gal

AAA · Apr 2026

CA STATE HIGH

$5.53/gal

California · AAA

CANADA AVG

$1.42/L

GlobalPetrolPrices

EU AVG

€1.79/L

EC Oil Bulletin

GLOBAL AVG

$1.44/L

GlobalPetrolPrices

LOWEST GLOBAL

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REGIME STATUS · APRIL 2026

⚠ Supply Constraint

BEARISH · GEOPOLITICAL SHOCK · STRAIT OF HORMUZ

US-Israel strikes on Iran (Feb 28) effectively closed the Strait of Hormuz, disrupting ~30% of global oil trade. Rising oil now acts as a growth tax, not a demand signal. At least 95 countries have reported pump price increases since the conflict began.

OIL COST SHOCK INDEX

OilCostShock =

(WTI + Spread) // USA → 110 + 1.5

+ (WTI − Disc) // Canada → 110 − 19

+ (INE × FX) // China → 107.5

= 310.0 index units · BEARISH

REGIONAL EQUITY CORRELATION

United States

S&P 500

−0.72 BEAR

Canada

TSX

+0.58 BULL

United Kingdom

FTSE 100

−0.81 BEAR

Germany

DAX

−0.78 BEAR

China

SSE Composite

−0.61 BEAR

Key watchpoint: If WTI stays above Brent → S&P 500 expected to underperform FTSE 100 as the US faces higher relative energy-driven inflation (WTI premium first seen since 2009). California pump prices driven by refinery closures: Phillips 66 Long Beach (Dec 2025) + Valero Benicia (Apr 2026). Newfoundland crossed CAD $2.00/L on Apr 1, 2026.