Blog•Mar 8, 2026
Gas Prices Are Set to Go Vertical
The ongoing war in Iran and attacks on Gulf oil infrastructure are tightening global supply, especially as the Strait of Hormuz—through which roughly 30% of world oil passes—has been effectively shut down. U.S. retail gasoline has already risen to $3.45 per gallon and market models project end‑March prices between $4.50 and $5.00, with a 41% chance of exceeding $5.00. These price spikes could pressure President Trump’s energy‑focused campaign promises and reshape the political conversation during the NCAA tournament season.
