Would I be wrong to suggest that you keep your cars' gas tank @full?

[NightWatcher]

Furthermore would it be bad to add that as soon as the news of the strike breaks to run down the street and top off the tank?

There's no telling what gas might do as a response to the strikes or as a result of any other actors in the region reaction to said strike.

[aristocles]

1. Yes, you would be wrong.

Only 20% of our crude comes from the Middle East. There may be an artificial price spike for a few days, but that'll be because the gasoline distributers won't miss the opportunity to gouge us. If the price of gas does go up, it will settle back down in a few days.

No need to feed the "war hysteria".

[NightWatcher]

2. I've always lived in hurricane prone areas and any time a storm was remotely close

we started keeping the tanks full because of the gouge that always comes as the storm gets close. I never want to sit in a line for gas at $5 a gallon.

[aristocles]

3. Good point.

It's probably wise to fill up now to avoid lines and temporary shortages.

[Arctic Dave]

4. Oil is sold on a global commodity market.

If oil gets shut down in the ME it will be felt globally, not just the US.

Everyone will be bidding for the what isn't affected and a price war could happen sending a huge spike in pricing that would last months.