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International Business Times UK

Jim Manzon

Oil Prices Surge Past $100 a Barrel as Dow Futures Crash 900 Points — What It Means for Your Grocery Bill, Petrol, and Savings

Oil Dow United States Petrol United Kingdom Donald Trump AAA CNN Gas Prices Iran

Heating oil prices have surged, with UK costs up 47% and US diesel rising sharply, fueling a growing budget crisis. (Credit: ChatGPT)

The price you pay to fill your tank, heat your home, and stock your fridge is about to climb.

Oil blasted past $100 (£75.15) a barrel on Sunday evening for the first time since 2022. US benchmark West Texas Intermediate crude jumped roughly 18% to above $107 (£80.44) a barrel, while Brent crude rose about 17% to above $108 (£81.19), according to Yahoo Finance. The 35% weekly gain marks the largest in futures trading history, dating back to 1983.

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