Forget Rising Gas Prices: Something Far More Nefarious Can Devastate Your Wallet and the Stock Market

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e=this;e._store.resetNewCount(),e._view.updateBadgeNode(e._badgeNode),M(e._badgeNode,e._config.badge.hideClass)}},{key:"_showIndicator",value:function(){this._indicatorNode&&(this._store.getNotifications().newCount?M(this._indicatorNode,this._config.panel.indicatorClass):I(this._indicatorNode,this._config.panel.indicatorClass))}},{key:"_showBadge",value:function(){var e=this;e._store.getNotifications().newCount?I(e._badgeNode,e._config.badge.hideClass):M(e._badgeNode,e._config.badge.hideClass)}}]),e}(),F={promos:{eligibleBodyClass:"display-push-promos",enableNotifOnboard:!0,bypassEligibleClassCheck:!1,notifOnboardBtnLabel:"Notify Me",notifOnboardMsg:"Get alerts for breaking news and top stories",promoLogo:"https://s.yimg.com/cv/apiv2/ae/news/circle_bell.png",showYahooLogo:!0,subscriptionTopic:"gondor_homerun_news"},badge:{hideClass:"",maxCount:5,selector:""},panel:{emptyPanelMsg:"You have no new 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RegExp("[?&]notifications=1(&|#|$)");"desktop"===h&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(no)),notifLabel:document.querySelector(".".concat(oo))};t.notifDropdown&&mo(e,t)}))}()}};]]>ADVERTISEMENTSean Williams, The Motley FoolSun, March 22, 2026 at 11:56 AM GMT+1 7 min readUntil recently, Wall Street's major stock indexes seemed untouchable. Within the last five months, we've witnessed the benchmark S&P 500 (SNPINDEX: ^GSPC) reach 7,000, the tech-stock-dependent Nasdaq Composite (NASDAQINDEX: ^IXIC) crest 24,000, and the ageless Dow Jones Industrial Average (DJINDICES: ^DJI) touch 50,000.But the Iran war has changed things. It's introduced geopolitical uncertainty abroad and has directly impacted the wallets of most Americans. While the most immediate impact of this conflict is being felt by consumers at the gas pump, there's a much bigger issue at hand that has the potential to devastate your wallet and/or investment portfolio.Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »Image source: Getty Images.On Feb. 28, Trump-led American forces and Israel began military operations against Iran. Shortly after these attacks began, Iran announced that it would virtually close the Strait of Hormuz to oil exports.According to the Energy Information Administration, 20 million barrels of liquid petroleum travel through the Strait of Hormuz daily, accounting for 20% of the world's petroleum needs. This virtual shutdown represents the largest energy supply chain disruption in history.The response in the spot price for West Texas Intermediate (WTI) crude oil has been swift. The April WTI futures contract has surged from a close of roughly $67 per barrel on Feb. 27 to $96 per barrel, as of this writing in the late evening of March 16. Mind you, this is quite the pullback from a peak intra-day high of $119.44 per barrel set one week prior.The price consumers pay at the pump for gasoline and diesel tends to rise like a rocket during oil price shock events and often falls like a feather (i.e., declines slowly) in the months that follow.One month ago, the average nationwide price for a gallon of regular gas was about $2.93, according to AAA. As of March 16, it had risen 27% to about $3.72 per gallon. The ascent has been even more parabolic for diesel, with the average per-gallon price soaring 37% to nearly $4.99 over the last month.With no end in sight to the Iran war or ongoing energy supply chain disruption, the expectation is that prices at the pump will continue to climb.For some U.S. households, soaring gas and diesel prices are no small matter. But when stepping back and looking at average household expenditures across the U.S., gas isn't a particularly big expense. According to research from The Motley Fool, Americans spend 3.2% of their total budget on gas every year. Though that's not chump change, higher gas prices likely aren't a budget-buster, either.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersBTC-USD Bitcoin USD 70,630.93 +2,331.26 (+3.41%)UGRO urban-gro, Inc. 6.15 +3.97 (+182.11%)LUNR Intuitive Machines, Inc. 20.31 +2.48 (+13.91%)UNH UnitedHealth Group Incorporated 269.67 -5.92 (-2.15%)PLTR Palantir Technologies Inc. 160.90 +10.22 (+6.78%)PortfolioSign in to access your portfolioSign inTop gainersPAYP PayPay Corporation 24.11 +4.21 (+21.16%)APGE Apogee Therapeutics, Inc. 79.24 +13.20 (+19.99%)AXTI AXT, Inc. 64.38 +10.14 (+18.69%)FSLY Fastly, Inc. 28.75 +3.55 (+14.09%)LUNR Intuitive Machines, Inc. 20.31 +2.48 (+13.91%)Top losersSEDG SolarEdge Technologies, Inc. 46.73 -4.96 (-9.60%)RGC Regencell Bioscience Holdings Limited 25.22 -2.16 (-7.87%)EL The Estée Lauder Companies Inc. 79.28 -6.64 (-7.73%)ENPH Enphase Energy, Inc. 40.76 -3.35 (-7.59%)LBRT Liberty Energy Inc. 29.11 -2.35 (-7.46%)Most activeNVDA NVIDIA Corporation 175.68 +2.75 (+1.59%)SMCI Super Micro Computer, Inc. 21.59 +1.06 (+5.16%)ONDS Ondas Inc. 10.90 +0.82 (+8.19%)AAL American Airlines Group Inc. 10.81 +0.38 (+3.64%)INTC Intel Corporation 44.01 +0.14 (+0.32%)Top economic eventsEarnings eventsMy earnings eventsEarnings events