China Sees Long Lines at the Gas Pump as Mideast Turmoil Hits

China's Gas Price Hike

China's state refiner has issued a notice that the price of gas will be set higher by a "meaningful" amount starting March 24. This move comes as Mideast turmoil continues to impact global energy markets.

Impact on China

The price hike is expected to affect consumers in China, who are already facing long lines at the gas pump. The situation is further complicated by the ongoing conflict in the Middle East, which has led to a surge in oil prices.

Global Market Impact

The price hike in China is likely to have a ripple effect on the global market, as China is one of the world's largest oil consumers. The move is also expected to impact the global economy, particularly in industries that rely heavily on oil and gas.

Source

The news was first reported by CNBC ^[1] on March 23, 2026.

Sources

[1] China sees long lines at the gas pump as Mideast turmoil hits