Oil experts and analysts expect average U.S. gasoline prices to rise above $3 a gallon (about $0.79 a liter) this week, following U.S.-led airstrikes on targets in Iran and subsequent concerns about global energy supplies.
impact of conflict
Patrick de Haan, head of petroleum analysis at the Gas Buddy platform, said oil prices could rise by 5% to 10%, accelerating seasonal increases in U.S. fuel prices and pushing the national average gasoline price above $3 a gallon for the first time this year.
Samantha Gross, director of the Energy Security Initiative at the Brookings Institution, said: “Given Iran’s vast production volume and geographic location that controls its most important waterways, the impact of a conflict with Iran far exceeds previous tensions with Venezuela,” warning of the economic fallout that could affect global markets.
Experts and oil analysts expect average U.S. gasoline prices to rise above $3 a gallon (about $0.79 a liter) this week, following U.S.-led airstrikes on targets in Iran and subsequent concerns about global energy supplies.
impact of conflict
Patrick de Haan, head of petroleum analysis at the Gas Buddy platform, said oil prices could rise by 5% to 10%, accelerating seasonal increases in U.S. fuel prices and pushing the national average gasoline price above $3 a gallon for the first time this year.
Samantha Gross, director of the Brookings Institution’s Energy Security Initiative, said, “The impact of a conflict with Iran far exceeds previous tensions with Venezuela, due to Iran’s high production volume and geographic location that controls major waterways,” warning of possible economic fallout that could impact global markets.
