The conflict in Iran may have only started Saturday, but the impact on gas prices has been swift. As the fighting continues in the Middle East, there is a growing impact

The projected increase would come after fuel costs had already edged higher this year on concerns about flaring tensions between the U.S. and Iran. On Monday, gas prices averaged about $3 per gallon across the U.S., about 20 cents higher than at the start of January, according to data from AAA.

Global oil prices spike after Iran launched strikes across the Middle East in response to attacks by the US and Israel.

The workhorse of the fuel world was climbing on Monday following a drone strike on a major Saudi refinery.

Higher oil prices will cause an almost immediate jump in gasoline prices, as well, experts say.

AAA says escalating military action involving Iran could drive a sharp spike in oil prices, potentially raising costs at the pump just as spring break travel pushes demand higher.

European natural gas prices surged on Monday as the escalating conflict in the Middle East caused Qatar to stop LNG production at the world’s top plant.View on euronews