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Oil and Gas Prices Spike Amid U.S. War on Iran
Brent crude oil prices surged to $109 a barrel amid U.S.-Israel-Iran tensions, pushing California gas prices up 86 cents per gallon last week, AAA reported.
- On Monday, Brent crude oil spiked to $109 before settling to $85, pushing pump prices higher in California and nationwide, with Mill Valley gas rising from $4.06 last Wednesday to $4.92.
- California's high gas taxes, costly gasoline blend, limited refinery capacity and higher transport costs amplified local price hikes, while federal tax credits eliminated last year shaped longer-term demand for electric vehicles .
- Across states, pumps showed prices like $3.59 per gallon in Winter Park, Florida, and some drivers report $100 fills when gas is over $3, with Arco customer Banson Chavez saying, 'Eighty dollars every two days to fill up my tank... $43 full,' and Fisher noting 'seven extra dollars per fill-up.'
- The Trump administration said the spike will lead to steadier, lower prices, and President Donald Trump vowed ending the threat would lower costs for families, while a Quinnipiac poll found sharp partisan divides and widespread concern over rising fuel prices.
- With uncertainty looming, UC Berkeley's Severin Borenstein said 'I think it makes it quite clear that there's tremendous uncertainty about how this war is going to go, how long it's going to take and how it's going to resolve' and warned 'The problem is when those prices start to feed through to goods and services. And, at some point, they start to raise prices'.
11 Articles
11 Articles
Gas prices spike in Pennsylvania and across U.S. amid Iran war
Americans are paying more for gas as the U.S.-Israeli war with Iran chokes off a major route for petroleum products. In Pennsylvania, the average price for a gallon of regular gas was $3.59, up 46 cents from a week ago, according to AAA.
Gas Prices Surge as US–Israel War With Iran Rattles Global Oil Markets
On Monday, the U.S.–Israel war with Iran pushed oil prices to their highest level since July 2022. Since the war began in late February, the national average price of gas has steadily increased. It’s now $3.48 for a gallon of regular, up 48 cents since last week and 58 cents from a month ago,…
Oil and gas prices spike amid U.S. war on Iran
The Iran War is proving to be hard on American consumers' wallets when it comes to pain at the pump. The Federal Administration says this price spike will lead to steadier lower prices, not aggravated inflation. At a discount gas station, we found only one believer in that.
Gas prices spike across US amid Iran war • SC Daily Gazette
An Iranian flag is planted in the rubble of a police station, damaged in airstrikes on March 3, 2026, in Tehran. The United States and Israel have continued the joint attack on Iran that began on Feb. 28. Iran retaliated by firing waves of missiles and drones at Israel, and targeting U.S. allies in the region. (Photo by Majid Saeedi/Getty Images)WASHINGTON — Americans are paying more for gas Monday as the U.S.-Israeli war with Iran chokes off a …
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