Gas Prices Squeeze as Middle East Tensions Escalate The national average gas price has hit a new high this year, just weeks before the US midterm elections.
The Iran war continues to drag on, with no end in sight, and global energy costs are soaring as a result. Oil markets are in chaos, driven by escalating tensions between the US, Israel, and Iran.
Since the US and Israel attacked Iran in February, gas prices have risen 50% nationwide. Diesel fuel has broken new records daily since September 11, with prices up 71% from the start of the conflict.