Gas prices in the United States have reached a new record high of nearly $4.23 per gallon, marking a 150 percent increase since the Iran war began in late February. This surge in oil prices has sent ripples across the economy, with airlines considering reducing flights and increasing fares, while some gas stations have cut into their margins to offer customers artificially lower prices in the hopes of retaining their business.
Political Fallout
Over half of registered voters blame President Donald Trump for the rising gas prices, contributing to his second-term low approval rating of 34 percent. The assistant White House press secretary stated that the president previously lowered oil prices and views current disruptions as temporary.
Trump's Response
Trump issued a new threat against Iran on social media, posting an image with an assault rifle and urging Iran to get smart soon regarding a non-nuclear deal, as negotiations remain deadlocked. The administration continues to face pressure as the conflict drives up costs for American consumers.
