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Middle East Tensions Drive Gas Prices to $3.60

3/13/2026

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Story summary
  • Tensions in the Middle East, including U.S.-Israeli strikes on Iran, pushed gas prices to $3.598 per gallon.
  • Some areas have risen by over 83 cents since the conflict began.
  • The International Energy Agency announced a historic release of 400 million barrels of oil to stabilize prices.
  • Shipping disruptions in the Strait of Hormuz persist.
  • Experts warn rising costs could affect travel budgets during spring break, potentially leading to more staycations.