Iran-U.S. Tensions Stoke Fears of Spike in Gasoline Prices
A customer refuels a vehicle at a Royal Dutch Shell Plc gas station in Redondo Beach.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Escalating Iran-U.S. tensions raise the prospect of a spike in gasoline prices, though the effects so far have been minimal.
Gasoline prices have held steady in the U.S. following the Thursday killing of Iranian General Qassem Soleimani and Iran’s threats of retaliation that could include attacks designed to disrupt the flow of crude oil. However, oil and gasoline prices could surge if hostilities escalate.