(NAFB) It should come as no surprise, but after the United States and Israel targeted locations in Iran, oil prices moved higher by quite a bit. Patrick DeHaan with Gasbuddy.com said prices are the highest they’ve been since mid-2025.
“That is the highest level since the summer of last year. And as a result of oil jumping, we’re also seeing big increases in the price of gasoline, diesel, and jet fuel. All of those are likely to jump here in the days ahead. The national average could rise anywhere from 10 to 25 cents over the next week or two. And for diesel, it’s even a bit more ominous. Saudi Arabia is shutting down a major refinery, a major producer of diesel, because of a drone attack. Diesel prices are now skyrocketing by 40 cents a gallon.”
DeHaan noted the uncertainty of the next steps makes it difficult to determine where fuel prices are going and how long they are going to stay there. But he did offer some potentially encouraging words.
“Consumers are likely to be faced with increased gasoline, diesel, and jet fuel prices here in the days ahead. But if the situation reverses for the better, oil prices may eventually go down just as quickly as they went up.”
Again, that’s Patrick DeHaan of GasBuddy.
Audio provided by Glenn Vaagen, PNW Ag Network, Pasco, Washington
Audio with Patrick DeHaan, senior petroleum analyst with GasBuddy
