Gas Prices Could Exceed $3 Next Week After U.S. And Israel Strike Iran, Analyst Warns

Date:

Share post:

Topline

Prices at the pump could exceed a national average of $3 following the United States-led airstrikes against Iran and Americans could see effects as early as next week, according to an oil analyst.

Key Facts

Patrick de Haan, Head of Petroleum Analysis at GasBuddy, said in a Substack on Saturday oil prices could rise 5 to 10%, pushing the price above $70 per barrel after closing Friday at around $65.

It could accelerate a seasonal climb in gas prices in the United States, according to DeHaan, who said the national average of gas could hit $3 per gallon on Monday for the first time this year.

This is a developing story and will be updated.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

‘Will Not Bend The Knee’

ToplineBillionaire and Democratic megadonor Reid Hoffman made his first public comments Friday on the Trump DOJ’s reported criminal...

X Cracks Down On Accounts That ‘Game The Revenue Share Program’

ToplineX’s head of product said Friday it demonetized an account with nearly 2 million followers for lifting a...

ICE Agent Christian Castro Arrested For Minnesota Shooting

ToplineA 52-year-old Immigration and Customs Enforcement agent charged in the shooting of a Venezuelan immigrant in Minnesota earlier...

Trump Making ‘Final Determination’ On Iran Deal ‘Now’

ToplinePresident Donald Trump said Friday he’s meeting in the Situation Room “now” to make a “final determination” on...