Seoul gasoline prices surge past $1.32 per liter, South Korea implements emergency driving restrictions

Gasoline prices in Seoul have exceeded 2,000 won per liter ($1.32) due to Middle East conflict effects, prompting South Korean authorities to implement an odd-even number plate driving restriction system starting Wednesday. The new two-tier rotation scheme replaces the previous five-day system to reduce fuel demand and traffic congestion. This reflects broader global energy market disruption from geopolitical tensions, with direct impacts on transportation and living costs for millions of Korean citizens. The policy signals how regional conflicts create cascading economic consequences across international markets.