Drivers across Houston are already feeling the impact of rising gas prices, and analysts warn the pain at the pump may not be over yet.
Monday morning, some drivers said they were surprised by how much prices have jumped in just the past few days.
According to GasBuddy, the national average could reach $4 a gallon as soon as Monday, and relief may take time even if tensions overseas ease.
The spike comes after oil prices surged over the weekend following new threats to global supply routes.
Iran warned it could close one of the world’s busiest oil-shipping passages after President Donald Trump issued an ultimatum to restore oil traffic, sending energy markets higher.
Brent crude climbed to about $114 per barrel, while U.S. crude rose to around $100 per barrel. Analysts with Goldman Sachs say elevated oil prices could last for years, possibly through 2027, meaning drivers may continue to see higher prices at the pump.
In Houston, prices vary depending on the type of fuel, but anything above regular unleaded is already pushing past $4 a gallon in some areas. Diesel prices are even higher, creating problems for people who rely on trucks for work.
One driver filling up a work vehicle said the increase is hitting his business hard.
“Diesel itself now is more expensive than what it was. Now it’s almost at $5 a gallon and we can feel it, definitely.”When asked what he will do if prices don’t come down, he replied,“Can’t stop working, so honestly I don’t know.”
Experts say as long as oil supply routes remain threatened, gas prices will likely stay high and could fall slowly even after the conflict ends.
For drivers trying to save money, apps like GasBuddy can help find cheaper fuel nearby.
In parts of the Houston area Monday morning, some stations were still showing prices around $3.49 to $3.59 a gallon, but analysts say those numbers may not last long if oil continues to climb.
Energy analysts say the bottom line for drivers is simple: expect higher prices for now, and plan ahead before heading to the pump.
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