A rare blend of geopolitical tensions in the Middle East and China pulls oil prices in opposite directions and creates uncertainty about where to land.
The worsening trade talks between the United States and China, the two largest world economies, pose a serious threat to global economic growth, and whenever it grows, demand for oil and gasoline is usually crater.
But the escalation of tension in the Middle East and elsewhere could jeopardize oil supplies, which could increase the price of oil and gasoline.
It is difficult to predict the impact on gas prices. They usually grow when the driving season starts at high speed for the summer. But given the conflicts around the world, they could have risen to unusual heights or fall to levels that hurt producers in the US and abroad.