Iran War Raises Gas Prices

The Iran war has driven up U.S. gasoline prices by disrupting oil supplies. AAAAmerican Automobile Associationfederation of motor clubs throughout the USA and Canada data show average gasoline prices under Trump have edged above BidenJoe Biden46th President of the United States (2021–2025)-era averages, despite Trump’s repeated criticism of Biden’s prices. The U.S.-Israeli war with Iran began in late February, and supply disruption and uncertainty around the Strait of Hormuz have kept markets under pressure. Trump defended higher fuel costs as a small price to prevent Iran from obtaining a nuclear weapon, and said prices would fall. Farmers cited higher diesel, fertilizer and production costs as reasons for worry about finances and turnout. The administration has pursued more refining and diesel supplies, but industry executives say capacity cannot expand quickly.