Back to today’s briefing

Story perspectives

Southern California Gas Prices Surge Amid Iran Conflict

3/31/2026

40 2 Full Breakdown

Summary

Story summary

Gas prices in Southern California have surged, with Los Angeles County averaging $6.005 per gallon.
Orange County averaged $5.938 per gallon.
The roughly $1.30 month-over-month rise is tied to the Iran conflict restricting oil flow through the Strait of Hormuz.
U.S. President Donald Trump said negotiations with a new Iranian regime are ongoing.
Analysts warned prices could reach $6.50 per gallon if disruptions continue.

History

Historical Context

The 1973 oil crisis began when the Organization of Arab Petroleum Exporting Countries (OAPEC) imposed an embargo in response to U.S. support for Israel during the Yom Kippur War. This led to a 400% increase in oil prices, causing economic turmoil in the U.S. and Europe. The crisis highlighted the vulnerability of economies dependent on stable oil supplies, a concern echoed by today's rising gas prices in Southern California.

1 of 2

Story summary

Gas prices in Southern California have surged, with Los Angeles County averaging $6.005 per gallon.
Orange County averaged $5.938 per gallon.
The roughly $1.30 month-over-month rise is tied to the Iran conflict restricting oil flow through the Strait of Hormuz.
U.S. President Donald Trump said negotiations with a new Iranian regime are ongoing.
Analysts warned prices could reach $6.50 per gallon if disruptions continue.

1 / 2