U.S. Gas Prices Surge as Iran Conflict Drives Oil Above $100
The conflict involving the United States, Israel, and Iran is pushing global energy prices higher and putting pressure on American drivers.
Oil prices have surged above $100 per barrel for the first time in years as supply concerns grow and shipping through the Strait of Hormuz remains disrupted. The waterway normally carries about one-fifth of the world’s oil supply, making it one of the most critical routes for global energy markets.
Gasoline prices across the United States are rising as a result. The national average has climbed to around $3.60 per gallon, with analysts warning prices could continue increasing if oil remains above $100 per barrel.
Some states are already seeing significantly higher prices. In California, the statewide average is above $5 per gallon, and in a few stations prices have climbed as high as $8 per gallon, highlighting the extreme pressure on fuel markets as the conflict continues.