HIGH 📉 Bearish

Oil at $118: Your Gas Bill Just Jumped $900 This Year

markets · 31 Mar 2026

What Happened

Oil hit $118 a barrel after Trump's comments. For the average American driver, that's ~$900 more per year at the pump — and history says the worst may not be over.

Key Takeaways

3 Things to Know

1

Oil hit $118/barrel, a multi-year high

2

US gas avg pushing toward $4.80/gal

3

$900 more/year for avg American driver

Source & Tags

Reported by

Finnotia Research

#Oil Prices #Gas Prices #Trump #Energy #Inflation

About This Story

Category markets
Published 31 Mar 2026
Importance HIGH
Sentiment 📉 Bearish
📊

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