Oil price expected to surge
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Experts say consumers are now in a waiting game as global tensions and supply disruptions ripple through energy markets, potentially pushing prices higher at the pump.
AAA reports that U.S. crude oil costs rose after trading opened Sunday night, bringing prices up to $71 per barrel. While the U.S. does not import oil from Iran, experts say the country is a major
Rising oil prices driven by overseas tensions are already starting to affect what drivers pay at the pump, according to AAA.
Retail gas prices move about 2.5 cents for every $1 move in the price of crude oil. U.S. oil rose to about $71.97.
Oil prices rose on fears of war. Now the U.S. and Israeli military strikes on Iran could disrupt oil exports and drive up gas prices.
A major attack launched by Israel and the United States killed Iranian Supreme Leader Ayatollah Ali Khamenei, President Donald Trump said Saturday, announcing an assassination