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Rising tensions with Iran are impacting the price of crude oil, which could impact U.S. gas prices

Posted at 7:00 AM, Jan 08, 2020

TULSA, Okla. — Rising tensions between the U.S. and Iran are impacting the price of crude oil.

After Tuesday's attack against Iraqi bases with U.S. troops, crude oil prices increased as much 4%.

Energy analysts believe that they would continue to go up if Iran completely cut off the Strait of Hormuz, according to CNBC.

Since last Thursday's killing of a top Iranian commander, gas prices have gone up slightly in some parts of the U.S. However, the effects have only been minimal.

In the Tulsa metro area, the price for regular unleaded at some gas stations is $2.24 per gallon. This reflects the same price from Tuesday. However, the price went up 10 cents from Monday when it was $2.14 a gallon.

The national average is currently $2.59 a gallon, according to AAA.

To track gas prices in your area, you can check them out on gasbuddy.com

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