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The war in Iran is driving crude oil prices up. One analyst warns that US gas prices could hit a new all-time high. What you need to know in Mississippi
It’s driven by the rise in oil prices amid the conflict. Brent crude oil traded above $91 a barrel March 6, which is the highest recorded price since mid-2024, according to GasBuddy. In response to the increase, President Trump told Reuters he doesn’t “have any concern about it.”
Shocked by the rapid price increases, many Americans are scrambling to figure out how to stretch their budgets to cover an essential expense.
The spike in oil prices could be an ongoing headwind for the stocks of stores such as Casey’s.
President Donald Trump dismissed concerns about soaring oil prices, saying it was only a short-term issue and a “small price to pay” for the destruction of Iran’s “nuclear threat.”
California gas prices surged past $5 a gallon, with the average at $5.20. Learn how to save as prices continue to rise.