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Gas Prices Surge Amid Iran Conflict, Experts Warn

3/19/2026

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Summary

Story summary

Gas prices rise nationally as the Iran-related conflict disrupts oil shipments through the Strait of Hormuz, with the national average above $3.84—the highest since September 2023.
Massachusetts prices rose 24 cents last week to $3.31.
Georgia's average climbed nearly $1 in a month to $3.646 per gallon.
Long Island prices reached $3.64, up 20 cents from last week.
Experts warn continued tensions could keep prices elevated and raise costs.

History

Historical Context

The 1973 Oil Crisis began when the Organization of Arab Petroleum Exporting Countries (OAPEC) imposed an embargo against nations supporting Israel during the Yom Kippur War, leading to a 400% increase in oil prices. This crisis reshaped global energy dynamics and economic policies, with lasting effects still felt today as geopolitical tensions continue to influence oil supply and prices.

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Story summary

Gas prices rise nationally as the Iran-related conflict disrupts oil shipments through the Strait of Hormuz, with the national average above $3.84—the highest since September 2023.
Massachusetts prices rose 24 cents last week to $3.31.
Georgia's average climbed nearly $1 in a month to $3.646 per gallon.
Long Island prices reached $3.64, up 20 cents from last week.
Experts warn continued tensions could keep prices elevated and raise costs.

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