
Oil spikes to wartime peak, sending U.S. gas to 2022 highs
Oil surged to wartime highs as Brent neared $126 a barrel and U.S. gasoline averaged $4.30 per gallon—the highest since July 2022—driven by supply fears from the Iran conflict and Strait of Hormuz tensions, with California posting the highest regional prices as energy-market concerns persist.
