Oil prices surged to a wartime high Thursday, with Brent crude, the international benchmark, topping $126 a barrel as concerns grew that the Iran war will drag on, tightening global energy supplies. Gasoline prices also reached a new high since the Middle East conflict began on Feb. 28, with the
Oil prices surged to a wartime high Thursday, with Brent crude, the international benchmark, topping $126 a barrel as concerns grew that the Iran war will drag on, tightening global energy supplies. Gasoline prices also reached a new high since the Middle East conflict began on Feb. 28, with the average U.S. cost jumping to $4.30 a gallon, according to AAA. That represents the highest prices at the pump since July 2022. American drivers are now paying $1.32 more per gallon than they did before the Iran war. Drivers in California are facing the nation’s highest gas prices, averaging $6.01 per gallon on Thursday, according to AAA data. With no end to the war in sight, energy markets are concerned about the impact on oil supplies. Reports Thursday suggesting a possible escalation by
