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International Business Times
International Business Times
World

Oil Has Topped $100 As The Iran War Escalates. Now Analysts Say Gas Prices Could Surge Even Higher

(Credit: Mario Tama/Getty Images)

American drivers may not have seen the worst of the pain at the pump yet, as energy analysts warn gasoline prices are poised to rise further after oil markets began pricing in the growing impact of the war involving Iran and the mounting disruption to global energy supplies.

National average gasoline prices have already climbed above $4 a gallon, while crude oil has surged past $100 per barrel following weeks of escalating military action across the Middle East. However, experts say the latest rally could be only the beginning if fighting continues and supply disruptions worsen.

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