Oil and Gas Prices Surge as Iran Conflict Threatens Wider Economic Ripple

Oil and gas prices surge as Iran conflict threatens wider economic ripple

As oil prices rise above $90 a barrel due to the conflict in Iran, experts warn that the effects could extend beyond gas prices, influencing the cost of everyday goods.

LARRY KUDLOW: Actions are being taken to get a string of ships through the Strait of Hormuz

Finally some very good news on oil prices. America is going to give a lot of help to insure and reinsure, in other words, guarantee, oil cargo values moving through the Strait of Hormuz. The faster we safely get those ships to successfully sail through the strait, the faster oil prices are going to peak and move back down.There are 120 tankers sitting in Persian Gulf ports at the top of the strait, paralyzed because Lloyds of London and other re…

Iran War is impacting gas prices. Map shows how much it costs to fuel up in your parish

The Get the Facts Data Team put together a map that shows what prices look like in our area.

How The Iran Conflict Is Impacting Gas Prices

Gas is up an average of 33 cents per gallon already at U.S. pumps.

Gas prices continue to spike as US conflict with Iran widens: See the national average.

The average cost of a gallon of gas has jumped more than 30 cents in one week because of US strikes in Iran. It's expected to jump even higher. (AP Photo)

How is the Iran conflict affecting your gas prices at home?

Gas prices are rising amid the conflict with Iran, as crude oil prices jumped more than 8% to just more than $81 a barrel. At home, that means the cost of your gas is likely to rise significantly.