The U.S. said it took out more than a dozen mine-laying Iranian vessels Tuesday, and the Islamic Republic vowed to block the region’s oil exports, saying it would not allow “even a single liter” to be shipped to its enemies.
U.S. President Donald Trump said Monday that the war against Iran could be short-lived, but he left open the possibility of an escalation in fighting if global oil supplies are disrupted by the Islamic Republic, which chose a new hard-line supreme leader.
Oil prices spiked near $120 per barrel Monday as the Iran war intensified, threatening production and shipping in the Middle East and pummeling financial markets.
Gas prices in the U.S. are the highest they’ve been in 11 months.
Gas prices both in South Carolina, and nationally have climbed once again, however according to GasBuddy, markets have still not yet shown how gas prices will react to the weekend’s U.S.–Iran attacks.
Gas prices held steady in the Midlands last week.
The roller coaster at the pump continues this week.
Average gasoline prices in South Carolina climbed sharply over the past week, rising nearly 14 cents per gallon, according to new data from GasBuddy.
Gas prices are down slightly in the Midlands.
Gasbuddy predicts the average price for a gallon of regular gas will be $2.97 in 2026.
