Visuals of strike on Iran released
The United States released images it said showed US warships and planes launching strikes against Iran.
- U.S. and Israeli strikes on Iran have caused a sharp rise in global energy prices.
- Analysts predict gas prices will rise in the U.S., including in South Carolina.
- The conflict has disrupted oil flow through the Strait of Hormuz, a crucial global transit route.
- South Carolina’s average gas price remains lower than the national average, which is approaching $3 per gallon.
An escalating conflict involving U.S. and Israeli strikes on Iran in March 2026 has initiated a sharp rise in global energy prices.
Analysts predict a significant uptick in U.S. gasoline prices, including in South Carolina, which often has some of the lowest gas prices in the country.
As of March 2026, AAA reports the national average for regular gasoline is $2.997 per gallon.
Based on projections released earlier this year in the Short-Term Energy Outlook, 2026 was initially forecast to have lower gas prices than 2025. With an expected 6% decrease, translating into approximately a 20-cent-per-gallon drop.
However, due to the conflict, these projections are now uncertain, and prices may not follow the anticipated trend.
“The national average price of gasoline has climbed for a fourth straight week, driven primarily by seasonal tightening and broader market dynamics,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
In the week ahead, De Han stated, gasoline prices are likely to face heightened upward pressure as seasonal trends continue and markets navigate this evolving geopolitical landscape, with the national average poised to reach the $3-per-gallon mark for the first time this year.
“Looking ahead, markets will now begin reacting to this weekend’s U.S.-Iran attacks, which have elevated geopolitical risk premiums even in the absence of immediate supply disruption,” said De Haan. “Oil prices have firmed as traders assess the potential for further escalation, and while fundamentals such as inventories and refinery activity remain important anchors, the risk of broader instability, particularly involving key transit routes, has injected fresh uncertainty into energy markets.”
Here’s what South Carolinians need to know.
How much is gas in South Carolina?
South Carolina’s average gasoline price remains significantly lower than the national average.
In South Carolina, the average price for regular gasoline currently stands at $2.666 per gallon, according to AAA. Mid-grade gasoline is priced at $3.099, premium gasoline is $3.494, and diesel is priced at $3.505.
Gas price hikes anticipated as bombing continue in Iran
South Carolina drivers should consider filling up their gas tanks soon to avoid potential price spikes.
Analysts expect crude oil, which ended trading on Friday, Feb. 27, at about $67 a barrel, to open this week at $90 or higher as traders process the news that Iranian forces have restricted traffic through the crucial Strait of Hormuz.
Why are gas prices rising?
Iran is a major oil producer, and the ongoing conflict has disrupted the flow of oil and gas through the Strait of Hormuz, where 20% of the world’s oil passes, according to reports from USA TODAY.
Iran’s Revolutionary Guard has warned vessels to avoid the area, and major shipping companies like Maersk have suspended all crossings. Saudi Arabia, Iraq and the United Arab Emirates send most of their oil exports through there.
This disruption has and could continue to reduce supply, driving prices up as demand remains steady.
“Too many global economies depend on that corridor to remain blocked,” De Haan said. “Markets price high transaction costs and additional uncertainty, he says, but he is not expecting full closure.”
If access through the strait is limited for an extended period, prices could rise “materially above $100/barrel,” said analysts at TD Securities in a March 1 note.
On the other hand, if access through the strait is guaranteed and hostilities cease, the added costs to account for the extra risk could evaporate in a matter of weeks, the TD team wrote.
“If it becomes clear this week that the tensions with Iran are short-lived, then oil prices will come back to the 60s,” said Rob Thummel, portfolio manager at $9 billion investment manager Tortoise Capital, in emailed remarks to USA TODAY.
Has South Carolina hit highest record average gas prices?
Despite the current spike in gas prices due to the conflict, South Carolina has not yet surpassed its highest recorded average prices, according to AAA.
The record for regular unleaded gasoline in the state was $4.609 per gallon on June 12, 2022.
Diesel hit a peak of $5.638 per gallon on June 10, 2022.
March gas price outlook: What drivers need to know about gas prices
As reported by USA TODAY on Feb. 28, the national average for U.S. gas prices is likely to push above $3 a gallon on March 2 for the first time this year.
Over the next couple of weeks, prices will likely hit at least $3.10 to $3.15 a gallon.
There’s also a normal seasonal increase in gas prices around this time of year, driven by seasonal pipeline maintenance, the transition to more expensive summer-blend fuel, and an increase in driving, according to GasBuddy analysis.
Rob Thummel, portfolio manager at $9 billion investment manager Tortoise Capital, expects gas prices to rise in roughly the same rate as oil prices over the coming weeks.
If crude jumps 10%, gas prices will as well, said Thummel.
Upstate SC Gas landscape
According to GasBuddy, in Greenville, Spartanburg, and Anderson, gas prices have shown similar trends to the national average, with drivers experiencing gradual increases at the pump.
Upstate South Carolina stations are adjusting prices in response to crude oil fluctuations and seasonal factors. Here’s the latest prices as of Mondy, March 2 at noon:
Greenville gas prices
- Stop-A-Minit: 1091 S Piedmont Hwy., recently reported $2.47
- Power Trac: 470 Bessie Road, recently reported $2.47
- BP: 1631 White Horse Road, recently reported $2.49
- Payal Express Mart: 1800 Easley Bridge Road, recently reported $2.49
Spartanburg gas prices
- QuikTrip: 21 Fairview Church Road, recently reported $2.26
- Walmart Neighborhood Market: 201 Cedar Springs Road, recently reported $2.27
- Costco Wholesale: 211 W Blackstock Road, recently reported $2.31
- Sam’s Club, 200 Peachwood Center Drive, recently reported $2.31
Anderson gas prices
- Spinix: 3221 S Murray Ave., recently reported $2.31.
- Raceway: 4606 Clemson Blvd., recently reported $2.34.
- BP: 501 E Greenville St., recently reported $2.39.
- Sam’s Club: 3812 Liberty Hwy., recently reported $2.44
Travis Jacque Rose is the trending news reporter for the Greenville News, part of the USA TODAY Network. Reach him at trose@gannett.com