Gas prices in the U.S. were the highest on Memorial Day this year since Russia’s invasion of Ukraine in February 2022, according to a Business Insider report on Monday. According to data collected by the American Automobile Association (AAA), the national average gas price was $4.507/gallon, with the price hitting $4.515 on Sunday.

According to the Energy Information Administration (EIA) data, the average national price for gas back in May 2022 was $4.545/gallon as the war progressed. Meanwhile, GasBuddy analyst Patrick De Haan said that oil prices were likely to fall only after consistent, sustained passage of ships through the Strait of Hormuz.

Oil prices remained volatile as talk of a possible deal sparked optimism in the market, with the West Texas Intermediate (WTI) crude at $91.45/bbl at press time, down 5.33%. On the other hand, Brent crude grew 1.73% to 97.80/barrel. The United States Oil Fund (NYSE:USO), an ETF that tracks WTI, also grew 2.07% during the after-hours trading session on Friday.

However, the U.S. conducted strikes at purported Iranian missile launching sites, as well as on Iranian boats. The U.S. Central Command said that the strikes came as the boats were allegedly placing underwater mines in the area. President Donald Trump also touted an “unparalleled world coalition,” urging Iran to sign an agreement with the U.S.