Tracking gas and oil prices as war with Iran escalates - News Summed Up

Tracking gas and oil prices as war with Iran escalates


CNNOil prices have surged this week, raising the price at the pump just as Americans are already struggling with affordability. Oil prices Monday hit their highest level since mid-2022 when markets were rocked by Russia’s invasion of Ukraine. CNN is tracking the daily price of oil and gasoline, including the average price at the pump in each US state. See the average price per gallon of gasoline in each state and how it has changed since the beginning of the US-Israeli war with Iran:Why oil prices are on the riseThe war with Iran has sent oil prices higher for two primary reasons: a near shutdown of the Strait of Hormuz and a slowdown in oil production in the Middle East. The last time oil traded above $100 was in the wake of Russia’s attack on Ukraine in 2022.


Source: CNN March 10, 2026 23:15 UTC



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