Why Fuel Prices May Go Higher Still

Trump is powerless to stop the one thing killing him at the ballot box

If you think your energy costs are high now, the situation may be about to get a whole lot worse.With traffic in the Strait of Hormuz – normally the primary route for oil leaving the Middle East – hovering below 15% of prewar levels, oil prices have increased from US$65 a barrel before the conflict in Iran began in February 2026 to more than $100 a barrel in mid-September.When the U.S. and Israel first attacked Iran, analysts feared prices would…

Why fuel prices may go higher still

Oil-related prices are high, but poised to go even higher. Afry Harvy/iStock / Getty Images PlusIf you think your energy costs are high now, the situation may be about to get a whole lot worse. With traffic in the Strait of Hormuz – normally the primary route for oil leaving the Middle East – hovering below 15% of prewar levels, oil prices have increased from US$65 a barrel before the conflict in Iran began in February 2026 to more than $100 a b…

Why fuel prices may go higher still

by Joshua Busby, The University of Texas at Austin and Greg Pollock, Georgetown University, [This article first appeared in The Conversation, republished with permission] If you think your energy costs...