Every Oil Crisis in History Ranked 🛢️Where Does 2026 Rank?

Hinzugefügt: 2026-05-25

[00:00:00]In 2018, filling a 15gallon tank cost $41.

[00:00:04]Today, $68. That's $27 more every fillup. Where does 2026 rank in the worst oil crises ever?

[00:00:14]Number six, 1973, the OPEC embargo. Arab nations cut off oil to the entire Western world to punish the US for supporting Israel. Gas jumped from 39 cents a gallon to 53 cents, a 36% spike. And the shortages were so bad, Americans were waiting hours in line just to fill their tanks.

[00:00:36]It changed how the world thought about oil forever.

[00:00:40]Number five, 1979, the Iranian Revolution. A revolution toppled Iran's government overnight and took a massive chunk of global oil supply with it. Gas doubled from 67 cents all the way to $1 and 38 cents a gallon. A 106% spike. The first time in history a gallon of gas crossed a dollar.

[00:01:02]Number four. 1990.

[00:01:05]The Gulf War. Iraq invaded Kuwait in a single night, threatening the entire Persian Gulf oil supply. Gas jumped from a dollar to $1.40 a gallon, a 40% spike.

[00:01:18]shortlived, but it reminded the world just how fragile the oil supply really is.

[00:01:24]Number three, 2008, the global boom.

[00:01:28]China's economy was exploding. Wall Street was speculating on oil like a casino. Gas went from 227 all the way to 405 a gallon, a 78% spike, the highest price Americans had ever paid at the pump until 22.

[00:01:44]Number two, 2022, Russia invades Ukraine. Russia was supplying 10% of the world's oil. The moment sanctions hit, prices shattered every record in $51 a gallon, a 53% spike, the most expensive gas in American history until now.

[00:02:04]Number one, 2026, the US Iran war.

[00:02:09]The straight of Hormuz, the choke point for 20% of the entire world's oil supply, blocked. Gas jumped from 296 to 452 a gallon in under three months, a 54% spike. And analysts say if the strait stays closed, oil could hit $200 a barrel. We may not be at the worst yet.

[00:02:30]>> Does it get worse before it gets better?

[00:02:33]Drop your answer in the comments.