But it well could happen.  Gas prices going up. Oh, no – Say it isn’t so.

Prices at the pump have been slowly, oh so slowly, going back down. However, with the issue in the Middle East the price at the pump could go the other way, and quickly.

Ready for $5 a gallon again, Maine?

Get our free mobile app

Just in time for winter.

Even though Israel and Palestine are not major oil producing countries, the crisis is in a major oil producing region. Neighboring Saudi Arabia is a world leader in oil exports.

And history teaches that anytime there is unrest in the Middle East, it causes our oil prices to spike.

Oil prices went up on Sunday.


However, the experts don’t expect a long-term impact on oil and gas prices unless the conflict itself continues to escalate. Or other countries in the region get involved in the combat.

For the foreseeable future -- for the next, shall we say, 15 to 40 days -- people are going to see gas prices dropping,

said Tom Kloza, global head of energy analysis at Oil Price Information Service.

Longer term, it's a concern.

Hopefully the conflict calms quickly, and we can go back to paying what are already higher prices for gas and oil than we want to pay.

Especially with winter coming and the impact that a cold winter could cost all Mainers for heat. It is already going to cut deeply into our budgets. We don’t need to try to figure it out if prices go through the roof again.

Getty Images
Getty Images

LOOK: 50 cozy towns to visit this winter

Stacker created a list of 50 cozy American towns to visit each winter. Towns were selected based on visitor opinions, ratings from nationwide publications, and tourist attractions.

Gallery Credit: Laura Ratliff

LOOK: The 25 least expensive states to live in

Here are the top 25 states with the lowest cost of living in 2022, using data Stacker culled from the Council for Community and Economic Research.

Gallery Credit: Aubrey Jane McClaine

LOOK: See how much gasoline cost the year you started driving

To find out more about how has the price of gas changed throughout the years, Stacker ran the numbers on the cost of a gallon of gasoline for each of the last 84 years. Using data from the Bureau of Labor Statistics (released in April 2020), we analyzed the average price for a gallon of unleaded regular gasoline from 1976 to 2020 along with the Consumer Price Index (CPI) for unleaded regular gasoline from 1937 to 1976, including the absolute and inflation-adjusted prices for each year.

Read on to explore the cost of gas over time and rediscover just how much a gallon was when you first started driving.

Gallery Credit: Sophia Crisafulli

More From WQCB Brewer Maine