Impact on US as Oil Prices Jump Amid Iran War

We’re seeing crude oil prices jump by more than five-percent, and that increase is likely to be felt at the pump.
Published: 3/2/2026, 11:54:46 PM EST

We’re seeing crude oil prices jump by more than five-percent, and that increase is likely to be felt at the pump. How big of an impact will this have on gas prices in the United States? Can this issue be resolved by ramping up domestic energy production?