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Fill Up Your Car, Things Could Get Worse

By Seeking Alpha March 09, 2026 Bearish
Fill Up Your Car, Things Could Get Worse
The intensifying U.S.-Iran conflict has driven oil above $100/barrel, with gasoline prices lagging but poised to spike toward $3.50–$3.80/gallon, or higher if escalation persists. Wholesale gasoline prices have surged faster than retail, creating an unprecedented gap; retail prices are likely to catch up rapidly if the conflict endures.
The intensifying U.S.-Iran conflict has driven oil above $100/barrel, with gasoline prices lagging but poised to spike toward $3.50–$3.80/gallon, or higher if escalation persists. Wholesale gasoline prices have surged faster than retail, creating an unprecedented gap; retail prices are likely to catch up rapidly if the conflict endures.