Gas prices are set to rise amid U.S.-Israeli war with Iran. Here's what you could pay at the pump.

March 3, 2026

TL;DR

Oil prices have spiked, with West Texas Intermediate crude up 6.2% and Brent crude up nearly 9% on Monday.
Gas prices in the U.S. could rise by as much as 30 cents per gallon by the end of the week.
Recent increases follow already higher fuel costs due to U.S.-Iran tensions.
Venezuelan oil imports are beginning to arrive in the U.S. and are expected to help lower gas prices.
Higher oil prices could contribute to broader inflation, impacting transportation, manufacturing, and consumer prices.
An increase in inflation might lead the Federal Reserve to delay interest rate cuts.

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