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Gas Prices Surge: Experts Warn of $150 Oil Crisis

3/17/2026

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Story summary
  • The average price for gasoline rose to $3.63 per gallon, up from $2.93 last month, due to tensions in the Middle East.
  • In Georgia, prices rose about 30 cents to $3.534 per gallon.
  • Oil exports were disrupted, pushing crude prices from $65 to $95 per barrel.
  • Diesel prices rose to an average of $4.86 per gallon.
  • Experts warn that oil prices could reach $150 per barrel, harming the global economy.