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Rising Oil Prices Spark Midterm Gas Price Concerns

3/12/2026

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Story summary
  • Kevin O'Leary, an investor, warned on Fox News that oil above $70 per barrel could push gasoline above $3 and become a key midterm issue.
  • O'Leary argued that energy will dominate voter concerns, surpassing housing and food.
  • Amid escalating operations in Iran, gas prices have risen 27 cents in four days.
  • Democrats, including Sen. Elizabeth Warren, criticized U.S. President Donald Trump’s energy policies, linking them to rising gas prices.