US drivers see gas prices jump to highest level since 2023 as the Iran war drags on

ABC News
March 17, 2026
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3 min read

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The Bottom Line

US gas prices have risen to their highest level since 2023 due to the ongoing Iran war disrupting global oil.

How This Affects You

Households worldwide are facing steeper fuel costs, directly increasing transportation and consumer goods expenses.

AI Summary

Gasoline prices in the United States have climbed to their highest level since 2023, driven by disruptions to global oil supplies stemming from an ongoing conflict with Iran. The war has created uncertainty in oil markets and disrupted the normal flow of crude from major producing regions, pushing up fuel costs at American pumps. Higher gas prices directly strain household budgets, particularly for working families already managing inflation and transportation costs. The price spike is affecting consumers worldwide as the conflict continues to disrupt energy markets. How long prices remain elevated depends partly on whether the conflict escalates further or de-escalates.

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