economy
March 10, 2026
Gas prices pass $3.50 per gallon to highest level since 2024 amid U.S.-Iran war
Prices are up 21% from a month ago with the oil market roiled by the U.S.-Iran war.
TL;DR
- Average U.S. gas prices have reached about $3.54 per gallon, the highest since mid-2024.
- Gas prices have increased by 21% in the past month.
- The U.S.-Iran war has disrupted the global oil trade and crippled the Strait of Hormuz.
- This is the largest oil supply disruption in history.
- President Trump expects the war to end soon.
- U.S. crude oil prices have been volatile, recently hovering around $84 per barrel.
- Seasonal factors like the spring break season and the switch to summer-blend gasoline also contribute to price increases.
- Consumers may not see immediate price drops even if crude oil prices decrease due to retailer practices.
Continue reading the original article