US Gas Prices Surge Due to Ongoing Conflict in Iran

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Arabic version: ارتفاع أسعار الغاز في الولايات المتحدة بسبب الصراع المستمر في إيران

The average price of a gallon of regular petrol in the United States has surged to $4.48, marking a 50 percent increase since the US-Israel war on Iran began. This rise includes a 31-cent spike in just the past week, according to the American Automobile Association (AAA). According to Al Jazeera, the escalation in fuel prices is closely tied to the ongoing conflict and its impact on global oil supply.

The war has significantly disrupted the flow of crude oil, particularly through the Strait of Hormuz, a critical passage that normally accommodates a fifth of the world’s oil. With oil tankers stranded and unable to deliver crude, the price of petrol has continued to rise, despite a brief period of declining prices following a ceasefire announcement on April 8.

Industry experts warn that the constraints on oil supply will likely persist, maintaining upward pressure on prices. Rob Smith, director of global fuel retail at S&P Global Energy, noted that a fundamental shortfall in supply is expected to drive prices higher. He emphasized that the longer the Strait of Hormuz remains constrained, the more difficult it will be for prices to stabilize.

The spike in petrol prices is contributing to inflation and economic uncertainty in the US, complicating President Donald Trump’s political landscape. Recent polls indicate that his approval rating is hitting record lows as public discontent with the war grows. Despite attempts to frame the price hikes as a temporary consequence of military actions, experts caution that oil prices typically do not decrease automatically after hostilities stop, suggesting long-term economic implications for consumers.

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