It came as little surprise to energy analysts, but after the United States and Israel targeted locations in Iran, oil prices moved sharply higher. The reaction was swift across global energy markets, pushing crude futures up and triggering immediate ripple effects at the pump.
Patrick DeHaan with GasBuddy.com said prices are now sitting at their highest levels since mid-2025.
“That is the highest level since the summer of last year. And as a result of oil jumping, we’re also seeing big increases in the price of gasoline, diesel, and jet fuel,” said DeHaan. “All of those are likely to jump here in the days ahead. The national average could rise anywhere from 10 to 25 cents over the next week or two. And for diesel, it’s even a bit more ominous. Saudi Arabia is shutting down a major refinery, a major producer of diesel, because of a drone attack. Diesel prices are now skyrocketing by 40 cents a gallon.”
The refinery disruption in Saudi Arabia adds another layer of pressure to an already tight diesel market, raising concerns not just for commuters but also for trucking, aviation, and agriculture, where fuel is a significant input cost. Any sustained increase in diesel prices could quickly filter through the broader economy.
DeHaan noted that uncertainty surrounding the next steps in the Middle East makes it difficult to determine where fuel prices are headed and how long they might remain elevated. However, he did offer some potentially encouraging words.
“Consumers are likely to be faced with increased gasoline, diesel, and jet fuel prices here in the days ahead. But if the situation reverses for the better, oil prices may eventually go down just as quickly as they went up,” said DeHaan.
