US EditionOil prices top $100 per barrel as big Middle East producers cut output amid Iran war
Oil prices surged above $100 per barrel due to disruptions at the Strait of Hormuz and production cuts by Gulf producers amid ongoing Iran war risks.
- Over the weekend, AAA reported the national retail average for a gallon of regular gasoline was $3.450, while Brent crude hit $101.19 shortly after trading resumed.
- The Iran conflict has hindered production and shipping and damaged oil and gas facilities, disrupting global supply, according to reports.
- Regional data show California at $5.159, Washington $4.605, and Oregon $4.819, with the national diesel average at $4.595.
- U.S. drivers now face a national gasoline average up roughly 13 cents from Friday's $3.320 and nearly 50 cents higher than last week's $2.984, with only five states below $3.
- WTI was trading at about $107.06, reflecting sharp benchmark gains, but markets remain volatile and both could rise or fall as market trading continues.
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300 Articles
Natrona County's gas prices surge as US strikes on Iran disrupt oil markets
CASPER, Wyo. — A rapid recalibration of the global energy market following U.S. strikes on Iran and the closure of the Strait of Hormuz has sent gas prices in Casper climbing at one of the fastest rates in recent history. With oil prices spiking and analysts warning of another 50-cent-per-gallon hike this week, Natrona County residents may have sticker shock from a surge that’s already pushed the national average up by more than half a dollar in…
The obstacles to producing and transporting oil from the Middle East due to the war against Iran caused its price yesterday to exceed $100 per barrel for the first time in more than three and a half years. Yesterday the West Texas Intermediate (WTI), produced in the United States, was sold up to $116.64 per barrel, a 28.31 percent higher than its closing price on Friday, when it was $90.90. While the Brent reached $116.82 per barrel, a 26.03 per…
InsideNoVA.com
Oil futures top $108 a barrel, prices at the pump keep climbing
(The Center Square) – As the U.S.-Israeli-Iran conflict continues, the price of gas at the pump in the U.S. is skyrocketing and President Donald Trump said it was a “small price” for Americans to pay. This was as the seventh…
Oil prices have risen to the highest level since July 2022.
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