Key Takeaways Oil futures surged to a five-month high Monday morning after the U.S. struck Iranian nuclear facilities over the weekend but fell sharply later in the day amid optimism that an escalation of the conflict in the Middle East could be avoided.

JACKSON, Miss. (WLBT) - The average gas price in MS is currently about $2.73 per gallon according to the American Automobile Association. However, gas and oil expert Rey Trevino says a difference in prices depends on how long the conflict lasts.

Oil and gas prices rose after the U.S. struck Iran’s nuclear infrastructure over the weekend, but the gains moderated early in the European trading session.