Trump Shrugs Off Gas Spike After Iran Strikes Push Prices Up 40¢ a Gallon
Gas prices across the United States are climbing sharply as the war involving Iran rattles global energy markets. The spike is already hitting drivers just days after the conflict expanded.
In many parts of the country, motorists are seeing sudden jumps at the pump. Analysts warn the increases could accelerate if oil shipments from the Middle East remain disrupted.
Recent data shows the national average price for gasoline rising above $3.30 per gallon, with increases of more than 40 cents in some areas since the conflict escalated, according to reporting from Reuters and other outlets.
The surge is tied to fears over supply routes through the Strait of Hormuz, a narrow waterway that normally carries about one-fifth of the world’s crude oil shipments.
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President Donald Trump addressed the price surge during the ongoing military operation, saying in a recent interview that rising costs were not his primary concern.
“If they rise, they rise,” Trump said when asked about gas prices during the conflict.
Energy markets are reacting to the possibility that tankers could avoid the region entirely, while oil prices have already climbed above $90 per barrel, with analysts warning they could exceed $100 if disruptions continue.
The economic ripple effects are already emerging. Higher fuel prices could push inflation upward again, complicating economic forecasts and raising costs for shipping, travel, and groceries.
For now, federal officials are trying to calm concerns. The U.S. energy secretary said the price spike may be temporary and could fade once shipping routes stabilize.
Whether that happens quickly may depend on how long the conflict and the uncertainty surrounding global oil supplies continues.
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