Gas prices are going up because the reserves have been depleted, and the industry is now facing shut-downs because the 'gap' that is now entrenched in the supply-line.

Gas prices had been suppressed by the release of strategic reserves and the lifting of Oil-sanctions on both Iran and Russia, temporarily. But these policies only delay the inevitable.

Fundamentally, prices are going to go up even if peace was actually declared today, due to the supply lines already interrupted, compounded by the loss of primary 'cleaning' refineries and storage in the ME.

To understand it, view it as a delay in the pricing at the pump as a reaction to 'news'. The time it takes to react to the actual price of oil-products (not the paper ones, which are like futures, or gambling, really), includes the time it takes to ship the oil from the ME to dedicated refineries in, say, South Korea. Add to this the shipping time for the finished product to get to a destination country.

That 'gap' is just sticking it's nose into the tent, because now, infrastructure will need to re-built in peace-time.