On Saturday night, the United States dropped bombs on three nuclear sites in Iran. By this morning, West Texas Intermediate (WTI) crude oil had jumped to over $73 per barrel, sparking concerns that the intensifying conflict in the Middle East could send prices above $100 per barrel. But how exactly would that energy outlook impact gas prices for drivers in the United States?
It’s complicated, but the short answer is you should brace for a slow but steady rise in gas prices over the summer, with some risk of sudden spikes depending on how Iran responds to the recent attacks from Israel and the United States.
