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The Economic Times

Top News / The Economic Times

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$100 oil warning: 5 everyday expenses that could soon get more expensive

Oil price warning: Oil prices above $100 per barrel have returned, with Brent crude and West Texas Intermediate crude crossing $108. The surge followed tensions involving Iran. Fuel costs reacted fast. US gasoline jumped to $3.40 per gallon in days. Rising oil prices now threaten transport costs, grocery prices, airline tickets, and household goods. Experts at the International Energy Agency say energy can drive nearly 50% of production costs, fueling broader inflation and consumer price pressure.

13 Mar 2026 6:49 pm