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Gas prices jump over 10 cents in a day, set to rise 'very quickly' as oil surges amid Iran war
Ines Ferré · Senior Business Reporter
Tue, March 3, 2026 at 10:47 AM EST 2 min read
Gasoline prices at the pump jumped on Tuesday in reaction to surging oil prices amid a widening Middle East war.
Over the past 24 hours, the national average at the pump rose by $0.10 to nearly $3.11 per gallon, according to AAA data.
And drivers can expect even higher increases in the coming days as a jump in oil prices following the outbreak of conflict in the Middle East filters through to retail gas stations.
"It's going to be very quickly," Patrick De Haan, head of petroleum analysis for GasBuddy, told Yahoo Finance on Monday.
De Haan said the pump reaction to higher oil prices is "accelerating," with the national average expected to rise another $0.10 to $0.25 per gallon over the next week or two, barring deescalation.
Adding to the upward pressure, much of the country has already begun switching to cleaner, more expensive gasoline for the start of the spring driving season.
"The seasonality, along with the attacks on Iran, is surely going to lead most motorists to see higher gas prices here, not just over the next few days but really the next several weeks, if not two or three months," De Haan said.
Ines Ferré · Senior Business Reporter
Tue, March 3, 2026 at 10:47 AM EST 2 min read
Gasoline prices at the pump jumped on Tuesday in reaction to surging oil prices amid a widening Middle East war.
Over the past 24 hours, the national average at the pump rose by $0.10 to nearly $3.11 per gallon, according to AAA data.
And drivers can expect even higher increases in the coming days as a jump in oil prices following the outbreak of conflict in the Middle East filters through to retail gas stations.
"It's going to be very quickly," Patrick De Haan, head of petroleum analysis for GasBuddy, told Yahoo Finance on Monday.
De Haan said the pump reaction to higher oil prices is "accelerating," with the national average expected to rise another $0.10 to $0.25 per gallon over the next week or two, barring deescalation.
Adding to the upward pressure, much of the country has already begun switching to cleaner, more expensive gasoline for the start of the spring driving season.
"The seasonality, along with the attacks on Iran, is surely going to lead most motorists to see higher gas prices here, not just over the next few days but really the next several weeks, if not two or three months," De Haan said.
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