The Price of War: How Iran's Conflict is Fueling America's Gas Crisis The surge in gas prices ahead of Memorial Day weekend has been a boon for petroleum analysts, but a bitter pill for American motorists.
The national average price for a gallon of gas now stands at $4. 55, a 42% increase from this time last year.
While economists often caution against making broad connections between distant conflicts and domestic economic trends, the case of Iran's war and its impact on global oil supply is a stark reminder that geopolitics can have far reaching consequences for everyday Americans.