on April 7, 2026
We’ve been here before. Unrest in the Middle East inevitably means unstable or increasing oil prices, which can easily cause consumers to go into a panic. But how much should we really worry? And how much are oil prices tied to everyday life and activities? Finally (the biggest question), what should you do about it, if anything?
The US + Oil
The US has long been tied to oil as a main source of energy. As a car-dependent nation, oil transports us from Point A to Point B—whether that be between your house and your job, the grocery store, or your kid’s soccer game. Oil also helps to power and heat our homes. And it’s vital in keeping our factories, data centers, and retail stores operating. Though the US is using more energy than ever before (largely thanks to energy-intensive data centers to power AI and other tech), our dependence on oil—especially foreign oil—is shifting.
A Noticeable Shift
In past decades, the US was highly depended on foreign oil as a source of fuel. Since 2006, however, the importation of foreign oil has dropped dramatically due to a surge in domestic production and increased energy efficiency. In 2019, the US exported more oil than it imported.
Energy efficiency, and the inclusion of alternative energy forms, has been an important factor in this shift. Despite the federal government ending several different green energy initiatives and tax credits, the clean-energy industry has continued to grow. An NPR article reports that, “The buildout of big solar and battery plants is expected to hit an all-time high in 2025, accounting for 81% of new power generation that companies will add to America’s electric grids.” The article does note, however, that it has become increasingly difficult for new clean-energy projects to get off the ground, due to federal restrictions and the erasure of incentives. But if consumers continue to demand clean energy (as they currently are), the market tends to listen, no matter the federal government’s stance.
Relating This to YOU
Because we are still very much an oil-dependent nation, it is likely you will feel the price increases associated with oil. This has happened at other points in history (such as the “stagflation” era of the 1970s), and we have always moved past it. I have no reason to doubt that this period will be any different. The turmoil will eventually end, things will level out, and we will keep moving forward.
Because of this, my usual advice still stands: think long-term, stay the course, and don’t make any major decisions without consulting your financial advisor. It’s also a good idea to keep feeding your emergency savings account.
Additional steps you might take include purchasing a fuel-efficient vehicle, looking into alternative ways to commute to work (taking the light rail, cycling, carpooling, etc.), or opting to work from home more often, if possible. You might also consider investing in more energy-efficient appliances, or even installing solar panels on your home.
Whatever you decide to do, it’s essential to take this period of uncertainty in stride. We are a resilient nation, built on innovation and growth. If you stick to your investment plans and keep a level head, you’ll sail through this tumultuous period and emerge just as strong as before.