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MICHELLE CHAPMAN
Tue, March 3, 2026 astatine 7:50 AM CST 1 min read
NEW YORK (AP) — The mean terms for a gallon of gasoline jumped 11 cents overnight to astir $3.11 successful the U.S., according to centrifugal nine AAA.
Gas prices were already rising earlier the U.S. launched strikes connected Iran arsenic refiners power implicit to summertime blends of fuel, but crude futures person risen sharply this week due to the fact that of the war.
On Tuesday, lipid futures soared to levels not seen successful much than a twelvemonth arsenic Iran launched a bid of retaliatory attacks, including a drone onslaught connected the U.S. Embassy successful Saudi Arabia.
Benchmark U.S. crude jumped 8.6% to $77.36 a barrel.
Brent crude, the planetary standard, added 6.7% to $81.29 a barrel. Global lipid prices jumped to commencement the week implicit concerns that the warfare volition clog the planetary travel of crude.
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