New energy disruptions set off alarm bells over rising oil and gas prices

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Renewed energy market disruptions have triggered panic around the world, sending prices soaring as the Trump administration seeks to quell backlash against the effects of wars in the Middle East.

Gas prices in the United States have risen rapidly over the last week, now averaging $4.37 per gallon on Wednesday, up from $4.33 on Tuesday, $4.23 a week ago, and $4.07 a month ago, according to AAA. Exact prices vary widely from state to state, ranging from $6.04 per gallon in California to $3.75 per gallon in Indiana.

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