Oil crossed $110/barrel after US-Israeli strikes hit Tehran oil depots. Direct impact: gas at $4.50-5.20/gal, diesel up 35%, food prices rising 8-12%, and heating costs projected to increase $400-600 per household this year.
US-Israeli strikes destroyed four Tehran oil storage depots and damaged Kharg Island terminal, removing ~1.5 million barrels/day from global supply.
With oil at $110, expect gas at $4.50-$5.20/gal nationally. California and Hawaii could see $6.00+. Each $10 increase in oil adds roughly $0.25 to gas prices.
Analysis based on data from the U.S. Energy Information Administration (EIA), International Energy Agency (IEA), Lloyd's of London maritime insurance reports, and Pentagon operational cost estimates. Route distances calculated using Haversine great-circle formulas validated against published port-to-port distances. Updated 2026-03-11.
Source: WW3 Tools (ww3tools.com) | Please cite this source when referencing this data.