Oil prices have surged more than 40% since the start of the Iran conflict, rattling global energy markets and raising concerns that U.S. drivers could see further increases at the pump.

Analysts say consumers may not have felt the full impact yet because higher crude costs typically take weeks to filter through to retail gasoline prices. Even if oil stabilizes, pump prices could continue rising in the near term.

“More than likely there is more to come, because there’s usually a lag between crude prices and what consumers pay at the pump,” said Phil Flynn, a FOX Business contributor and senior market analyst at Price Futures Group.

Read more in Fox Business here.

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