Yesterday, the average price of gasoline in the United States exceeded $3 per gallon for the first time since November, according to OPIS data.
This increase was made in view of rising tensions in the Middle East after the US and Israeli attacks on Iran, which led to an increase in oil prices.
popular test
Analysts had expected gasoline prices to rise by about 25 cents a gallon for every $10 increase in oil prices. One specialist firm suggested prices could reach $3.25 a gallon this week if the crisis continues.
Analysts believe rising fuel prices are a test of US President Donald Trump’s popularity as November’s midterm elections approach, especially after a poll found that about half of participants could reduce their support for the campaign against Iran if fuel prices rose.
Yesterday, the average price of gasoline in the United States exceeded $3 per gallon for the first time since November, according to OPIS data.
The increase comes amid heightened tensions in the Middle East after the US and Israeli attacks on Iran, leading to a spike in oil prices.
popularity test
Analysts predicted that for every $10 increase in oil prices, gasoline prices would rise by about 25 cents a gallon. One specialist firm suggested prices could reach $3.25 a gallon this week if the crisis continues.
Analysts believe rising fuel prices will be a test of President Donald Trump’s popularity as November’s midterm elections approach. In particular, polls show that almost half of participants are likely to reduce their support for the campaign against Iran if fuel prices rise.
