Trump's Iran War Is Already Pushing Gas Prices
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Average US retail gasoline prices crossed $3 a gallon for the first time since November on Monday as the conflict in the Middle East worsened, setting up a key test of public approval of President Trump’s decision to attack Iran,
The military conflict between the United States and Iran already appears to reverberate locally as the hostilities have inflated oil and gas prices. The average price for a gallon of
Rising oil prices driven by overseas tensions are already starting to affect what drivers pay at the pump, according to AAA.
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A prolonged conflict in the Middle East could cause a spike at American gas pumps, as the busy driving season approaches.
Domestic crude is now up about $10 for the week, enough to boost pump prices by 25 cents in 20 days, according to research from the Dallas Fed.
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