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BTCC / BTCC Square / Global Cryptocurrency /
U.S. Gas Prices Surge to 18-Month High Amid Iran Conflict

U.S. Gas Prices Surge to 18-Month High Amid Iran Conflict

Author:
Global Cryptocurrency
Published:
2026-03-11 11:21:26
4
3
BTCCSquare news:

U.S. drivers face soaring fuel costs as the national average gas price hits $3.54 per gallon, marking an 18-month peak. The 21% monthly surge stems from geopolitical turmoil after U.S.-led strikes on Iran disrupted 20% of global oil flows through the Strait of Hormuz.

Crude markets whipsawed violently, with Brent crude briefly touching $120 before settling near $85. Analysts warn pump prices may remain elevated through peak driving season, with the conflict creating structural supply constraints beyond typical seasonal factors.

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