Gas Prices Have Jumped Since the Iran War Began, But Is It Enough to Keep Americans Off the Roads?

The national average gas price has risen nearly 20% since the Iran war began, a jump experts say could aggravate inflationary pressures. While higher pump prices add to upside risk in headline CPI and squeeze household budgets, analysts expect driving demand to remain resilient and not materially reduce U.S. road usage.

Analysis

The national average gas price has risen nearly 20% since the Iran war began, a jump experts say could aggravate inflationary pressures. While higher pump prices add to upside risk in headline CPI and squeeze household budgets, analysts expect driving demand to remain resilient and not materially reduce U.S. road usage.