National gasoline averaged $1.29.9 per litre before the U.S./Israel strikes on Iran and rose to about $1.73.9 by Tuesday, a $0.44 increase (~34%). The escalation in the Middle East is driving near-term energy price pressure and risks further upside to fuel costs, which will feed into consumer inflation and transport-related cost pressures.
National gasoline averaged $1.29.9 per litre before the U.S./Israel strikes on Iran and rose to about $1.73.9 by Tuesday, a $0.44 increase (~34%). The escalation in the Middle East is driving near-term energy price pressure and risks further upside to fuel costs, which will feed into consumer inflation and transport-related cost pressures.
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