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What to know about surge in gas, oil prices as Iran turmoil persists

by LJ News Opinions
March 7, 2026
in Business
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The growing conflict in Iran, spearheaded by U.S. and Israeli strikes followed by retaliatory attacks by Iran on Gulf partners, has resulted in a surge in domestic gas and oil prices. The U.S. national average for a gallon of regular gasoline jumped 14 percent since last week to $3.41 as of Saturday, according to data…

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