Oil was priced at $103.37 per barrel on October 2, 2026 at 9:15 a.m. Eastern Time, with Brent serving as the global benchmark. This price represents an increase of $0.39 compared to the previous day and a rise of approximately $37.41 from the previous year. Brent, the world’s primary oil benchmark, reflects fluctuations driven by conflicts, economic recessions and OPEC decisions. Crude oil makes up the majority of the per-gallon cost at the pump, but gas prices also include refining, transportation, taxes and local station markups.
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