Fuel Prices Surge as Middle East Tensions Rise

Gasoline costs in the United States climbed by 11 cents overnight, reaching an average of about $3. 11 per gallon, according to AAA data. The rise came as the country moved into summer fuel blends and as global oil markets reacted to new conflicts in the Middle East. Oil futures rose sharply this week, with U. S. crude prices jumping 8. 6% to $77. 36 a barrel and international Brent crude up 6. 7% at $81. 29 a barrel. The increases were driven by concerns that ongoing hostilities could restrict the flow of crude through key shipping lanes.Iran launched a series of attacks, including drone strikes on U. S. diplomatic facilities and energy sites in neighboring countries. These actions disrupted tanker traffic through the Strait of Hormuz, a narrow passage that handles about one‑fifth of world oil trade. The cost of crude is the biggest factor that determines how much consumers pay at the pump. Studies show that a $10 rise in barrel price typically translates to about 25 cents per gallon, with the effect usually visible within three weeks. Drivers can expect higher prices at gas stations as these market shifts settle, and the broader economic impact will depend on how long supply disruptions last.