05/18/2026
Relief at the gas pump is looking less certain as rising oil prices and tightening global supply trends threaten to push fuel costs higher.
Oil futures are hovering above $100 a barrel as the U.S. and Iran remain locked in a standoff, and shipping traffic in the Strait of Hormuz has returned to a standstill.
Global energy prices have remained elevated since the start of the war on Feb. 28, and Americans continue to feel the pain of skyrocketing gas prices amid ongoing tensions in the Middle East.
