Rising Gas Costs Spark Debate Over Energy Policy

The price of gasoline in the United States climbed once more, marking a new peak for a gallon that has risen by 34 cents—an 11 % jump—since the onset of military tensions between the U.S. and Iran.

• Average gas price: $3.32 per gallon, its highest level since September last year (AAA motor club data).
• Crude oil price: $90.90 per barrel, up 12.2 % on the day and more than a third higher for the week.

These figures represent the steepest rise in oil costs since September 2023, when a barrel fetched $90.90 and gasoline averaged around $3.80 per gallon—well above today’s rates.

Political Implications

The trend could pose a political challenge for the current president, who has previously highlighted lower fuel prices during his administration. The recent surge means that gasoline is now pricier than it was at the start of this term, potentially undermining his claims.

Causes

• Disruptions in the Persian Gulf: Conflicts have curtailed oil and gas shipments.
• Iranian threats: Targeting tankers navigating the region’s narrow exit channel further strains supply chains.

President’s Response

In a recent interview, the president emphasized that his priority is military action in Iran and expressed willingness to accept higher fuel prices. He argued that any increase would be temporary once the conflict subsides, noting that energy policy takes precedence over a modest rise in gasoline costs.