Gas prices are entering the summer driving season at record levels, with the national average hitting $4.45 on May 2—the highest ever for that date.

That’s up about $1.28 from a year ago, according to AAA, with prices rising across nearly every region.

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The milestone underscores ongoing volatility in fuel markets, driven in part by the escalating conflict involving Iran, which has disrupted global oil supplies and pushed crude prices higher.

It also suggests the usual seasonal run-up is starting from a much higher baseline. For consumers, that likely means higher transportation costs and continued pressure on household budgets.

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People fuel vehicles at a gas station in Los Angeles, on Nov. 15, 2021. (Zeng Hui/Xinhua via Getty Images / Getty Images)

West Coast drivers are seeing the highest costs, with prices reaching $6.10 per gallon in California and $5.67 in Washington. Meanwhile, on the East Coast, gas prices have surpassed $4 in several areas, including $4.48 in Washington, D.C., and $4.52 in Pennsylvania.

Meanwhile, in the Midwest, Illinois stands out at $4.93 per gallon, while much of the region remains in the mid-$4 range. While Southern states remain comparatively cheaper, prices are climbing there as well, with Georgia at $3.85, Texas at $3.92 and Florida higher at $4.34.

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A person is seen grabbing the nozzle for diesel fuel at a gas station. (Rebecca Noble/Bloomberg/Getty Images / Getty Images)

Beyond gasoline, other fuel costs are rising even faster. Diesel has climbed to $5.64, up about $2.09 over the past year. As a key fuel for freight, shipping and public transportation, it is especially sensitive to supply disruptions — and its rising cost can quickly ripple through the broader economy, pushing up prices on everything from groceries to goods.

The surge underscores the broader economic risks tied to the standoff, as uncertainty around the Strait of Hormuz continues to weigh on energy markets.

OKLAHOMA CITY — As the Los Angeles Lakers prepare to face the top-seeded Oklahoma City Thunder in the Western Conference semifinals starting Tuesday, May 5, 2026, the absence of star guard Luka Doncic due to a hamstring injury looms large, raising questions about whether LeBron James and a banged-up roster can compete with the defending champions. The series pits James’ veteran leadership against Shai Gilgeous-Alexander’s MVP-caliber dominance in what promises to be a fascinating matchup of experience versus youthful explosiveness.

The Lakers advanced past the Houston Rockets in six games, with James delivering 28 points, eight assists and seven rebounds in a decisive Game 6 victory. Without Doncic, who has been sidelined since early April, Los Angeles relied on James’ all-around brilliance, Austin Reaves’ playmaking and a gritty defensive effort. The Thunder, meanwhile, swept the Phoenix Suns despite missing Jalen Williams, showcasing their depth and defensive prowess.

Oklahoma City dominated the regular-season series against the Lakers, winning all four meetings by an average of nearly 30 points. Even without key pieces in some games, the Thunder’s speed, length and versatility proved overwhelming. Shai Gilgeous-Alexander, the presumptive back-to-back MVP, leads a complete roster that finished the season with the NBA’s best record.

James, at 41, continues defying Father Time. His playoff experience — including a 2012 title win against a young Thunder Big Three — gives the Lakers intangible advantages. But the physical toll of a deep postseason run without Doncic’s scoring punch tests even the King’s legendary durability. Coach JJ Redick will need creative lineups and defensive schemes to slow OKC’s transition game and perimeter threats.

The Thunder enter as heavy favorites. Their defensive intensity, led by Gilgeous-Alexander, Chet Holmgren and a deep bench, creates matchup nightmares. Williams’ hamstring injury adds uncertainty, but OKC’s depth has proven sufficient. Home-court advantage at Paycom Center, where the Thunder are dominant, further tilts the series.

Lakers fans and analysts point to James’ ability to elevate teammates. Reaves, Rui Hachimura and Jarred Vanderbilt must step up offensively while the team maintains defensive focus. Without Doncic’s playmaking, ball movement and shot creation become critical. Los Angeles showed resilience against Houston, winning close games through execution and James’ leadership.

Key factors for the Lakers include protecting the ball against OKC’s handsy defense and limiting transition opportunities. James emphasized these points in recent comments, noting the Thunder’s physicality fuels their crowd and momentum. Slowing Gilgeous-Alexander remains the primary defensive priority, though his supporting cast makes that task daunting.

Historically, LeBron has thrived in underdog situations. His playoff record and ability to adapt schemes offer hope. However, the Thunder’s youth and athleticism pose a different challenge than past opponents. Series predictions heavily favor Oklahoma City, with many expecting a relatively short series unless Los Angeles finds magic.

Injuries add complexity. Doncic’s return timeline remains unclear, potentially missing early games or the entire series. Williams’ status for OKC is similarly fluid. Health will dictate adjustments, with both teams monitoring minutes for star players.

The Western Conference semifinals schedule features Game 1 in Oklahoma City on Tuesday, followed by Game 2 on Thursday. Subsequent games alternate, with potential decisive contests back in LA. National television coverage on major networks will spotlight the series.

Beyond X’s and O’s, the series carries narrative weight. James potentially in his final playoff run faces a dynasty-in-the-making Thunder squad. A Lakers upset would rank among his greatest achievements, while OKC advancing reinforces their status as title favorites.

Coaching battle pits Redick’s strategic flexibility against Mark Daigneault’s proven system. Both have earned praise for player development and adaptability. Bench production could prove decisive, with OKC’s depth providing an edge.

Fans on social media debate LeBron’s legacy versus the Thunder’s future. While many expect a Thunder victory, James’ presence ensures competitive games and highlight-reel moments. The series offers drama regardless of outcome.

As tip-off nears, the basketball world watches to see if experience can overcome talent and depth. Without Doncic, the Lakers face an uphill battle, but LeBron James has made a career of defying odds. The Thunder represent the present and future of the NBA, while James embodies its storied past. Their clash promises memorable basketball.