Full Breakdown
U.S. Gas Prices Rise as Renewed U.S.–Iran Conflict Fuels Oil Market Volatility
7/14/2026, 6:06:22 AM
Surge in Pump Prices Across Multiple States
In the week following the collapse of the U.S.–Iran ceasefire, gasoline prices jumped in several regions. In the Twin Cities, Minnesota, the average price rose 25.4 cents to $3.86 per gallon, while the statewide average reached $3.76, up 17.3 cents. South Carolina’s average climbed 14.9 cents to $3.55, and Florida’s statewide price hit $3.82, a 5-cent weekly increase. New York’s AAA-reported average rose to $4.08, up 2 cents from the prior week. The national average, according to GasBuddy, rose 10.3 cents to $3.82 per gallon, ending an eight-week decline; AAA cites a $3.87 average, a 7-cent gain. Diesel prices followed suit, with the national average at $4.85–$4.88 per gallon.
Background: Ceasefire Collapse and Global Supply Pressures
The price surge coincides with the termination of a U.S.–Iran ceasefire and renewed strikes, which pushed crude oil up 4 % in a single evening of trading. Simultaneously, attacks on Russian refineries and fresh Ukrainian strikes on additional Russian facilities have tightened refined-product supplies, amplifying upward pressure on global oil markets.
Price Data Snapshot
- Twin Cities (MN): $3.86 /gal (range $3.29–$4.69)
- Minnesota overall: $3.76 /gal (range $3.29–$4.79)
- Wisconsin: $3.66 /gal (up 11.4 cents)
- South Carolina: $3.55 /gal (range $3.15–$4.69)
- Florida: $3.82 /gal (highest in West Palm Beach & Boca Raton at $3.98)
- New York (statewide): $4.08 /gal (regional highs $4.23)
- National gasoline average: $3.82 /gal (GasBuddy) vs. $3.87 /gal (AAA)
- National diesel average: $4.85 /gal (GasBuddy) vs. $4.88 /gal (AAA)
Why It Matters for Drivers
The spread between the cheapest and most expensive stations in Minnesota now exceeds $1.40 per gallon, forcing motorists to hunt for lower-priced pumps. Higher fuel costs translate directly into increased household expenses and may influence travel behavior, especially as the market remains sensitive to geopolitical developments.
Official Statements & Responses
GasBuddy’s head of petroleum analysis, Patrick De Haan, linked the price reversal to “oil prices [that] have surged following the collapse of the ceasefire between the U.S. and Iran and the start of new attacks,” noting that further increases are possible if the trend continues. Mark Jenkins, a spokesperson for the American Automobile Association, warned that “concerns about potential fuel supply disruptions have nudged oil prices higher” and that ongoing Middle-East tensions could keep gasoline “volatile in the coming weeks.”
Conflicting Reports & Gaps
Sources differ on the current national gasoline average—GasBuddy reports $3.82 per gallon, while AAA cites $3.87. Diesel averages also vary ($4.85 vs. $4.88). Neither source provides a definitive timeline for when—or if—prices will stabilize, leaving uncertainty about the duration of the upward pressure.
Verbatim Quotes
- “The national average price of gasoline has seen its first weekly increase since May 11, snapping a streak of eight straight weekly declines, with prices climbing in nearly four out of five states.” — Patrick De Haan, GasBuddy
- “The turnaround comes as oil prices have surged following the collapse of the ceasefire between the U.S. and Iran and the start of new attacks, with oil jumping another 4% in Sunday evening trading, an ominous sign that could bring additional gas and diesel price increases in the week ahead.” — Patrick De Haan, GasBuddy
- “While the pace of increases doesn't yet appear likely to match what motorists experienced in March and April, fresh Ukrainian attacks on additional Russian refineries will only add to the pressure, keeping supplies of refined products tight even as the situation remains fluid," said De Haan.” — Patrick De Haan, GasBuddy
- “Concerns about potential fuel supply disruptions have nudged oil prices higher,” — Mark Jenkins, AAA
What’s Next
GasBuddy cautions that if oil prices keep rising, drivers could see “even higher prices at the pump in the coming days,” while analysts note that ongoing geopolitical volatility makes short-term forecasts uncertain.
