What Does the Closure of Saudi-Arabia's East-West Pipeline Mean for Gas Prices?
AAA says Florida gas prices rose 23 cents in a week as a pipeline closure tightened global oil supply and lifted pump costs.
- On Monday, Palm Beach County gas prices averaged $4.28 per gallon as global oil markets reacted to Saudi Arabia's closure of a key pipeline, which choked crude supply and pressured U.S. gasoline costs.
- Saudi Arabia shut down the East-West pipeline after an attack last week, which the Ministry of Energy blamed on an Iran-aligned militia in Iraq; the conduit transports roughly 5% of global oil supply.
- According to AAA, Florida gas prices increased 23 cents since last week, with Palm Beach County costs exceeding the state average of $4.13; Brent crude topped $109 on Monday before retreating to about $107.
- Ramanan Krishnamoorti, a University of Houston professor, warned that gas prices could rise between 25 cents and 50 cents over the coming weeks as the pipeline closure filters through to the pump.
- While gas prices may see seasonal relief as fuel use eases in the fall, Tom Seng, a professor of energy finance at Texas Christian University, cautioned that Iran-allied Houthi rebels in Yemen pose ongoing threats to tankers.
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What does the closure of Saudi-Arabia’s East-West pipeline mean for gas prices? - Regional Media News
(WASHINGTON) - Global oil prices on Monday climbed to their highest level since May after Saudi Arabia shut down a key pipeline, choking worldwide crude supply and threatening to put upward pressure on U.S. gasoline prices. Brent crude, a major benchmark of worldwide oil prices, [...]
Deltaplex News
Connect FM | Local News Radio | Dubois, PAWhat does the closure of Saudi-Arabia’s East-West pipeline mean for gas prices?
(WASHINGTON) - Global oil prices on Monday climbed to their highest level since May after Saudi Arabia shut down a key pipeline, choking worldwide crude supply and threatening to put upward pressure on U.S. gasoline prices. Brent crude, a major benchmark of worldwide oil prices, [...]
MyCentralOregon.com
What does the closure of Saudi-Arabia's East-West pipeline mean for gas prices?
Nicholson Francios pumps diesel fuel into his tractor-trailer at a truck stop on Sept. 11, 2026, in Miami, Florida. (Joe Raedle/Getty Images) (WASHINGTON) — Global oil prices on Monday climbed to their highest level since May after Saudi Arabia
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