How Will Attacks on Iran Affect Gas Prices? GasBuddy Weighs In
UNITED STATES, JUN 20 – National gasoline prices rose nearly 10 cents and diesel surged 16 cents last week amid Middle East tensions disrupting oil supply and markets, experts said.
- Israel and Iran exchanged missile, drone, and air strikes since June 13, escalating conflict in the Middle East and impacting global oil markets.
- The conflict followed Israel's preemptive strike aiming to dismantle Iran's nuclear program, heightening concerns over supply disruptions.
- Oil prices rose from about $60 to $75 per barrel since late May, driving national average gasoline and diesel prices up significantly.
- The national average cost of gasoline increased by 9.7 cents, reaching $3.18 per gallon, while diesel prices surged by 16.1 cents to $3.65 per gallon, marking the biggest weekly rise since August 2023.
- Analysts caution prices could keep rising due to unstable conditions but dismiss exaggerated spike rumors, advising motorists to expect steady increases.
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42 Articles
The Record
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Gas prices predicted to rise across Kansas City metro amid Iran-Israel conflict
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How will attacks on Iran affect gas prices? GasBuddy weighs in
(GasBuddy) For the second straight week, the nation’s average price of gasoline has increased, rising 9.7 cents compared to a week ago and stands at $3.18 per gallon, according to GasBuddy® data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average is unchanged from a month ago and is 23.3 cents per gallon lower than a year ago. The national average price of diesel…
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