Summary
Oil prices fluctuated significantly due to concerns over the conflict involving Iran. The cost of gasoline in the United States has increased by nearly 50 cents per gallon since the start of the conflict.
Key Facts
- Oil prices briefly rose to nearly $120 per barrel.
- By the end of trading, oil prices had fallen sharply.
- The average price of gasoline in the U.S. went up by about 50 cents per gallon.
- The changes in oil prices caused concern for consumers.
- The conflict with Iran is influencing global energy markets.
