Gas prices cross $3 gallon for first time since November — and Americans could face more pain at pump
Published on March 2, 2026.
Average US retail gasoline prices crossed $3 a gallon for the first time since November, according to an OPIS database. This comes as the conflict in the Middle East intensifies, leading to a significant increase in global oil supply. Oil prices have surged, with Brent crude rising more than 5% to nearly $77 per barrel and fuel prices increasing in tandem with feedstock costs. This could pose a significant test for President Trump's decision to attack Iran, potentially jeopardizing his chances in the upcoming midterm elections. Nearly half of respondents in a Reuters/Ipsos poll said they would be less likely to support Trump's Iran campaign if oil and gas prices in the US increased.
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