Iran War Shockwaves Spread Across US Economy
Get caught up.
The economic shockwaves of the Iran war have spread beyond the average American consumer cursing under their breath at the pump. Now the businesses that would have pocketed that additional dollar or more being spent on each gallon of gas are sounding the alarm.
US gas prices, at around $4.56 a gallon on average, are at their highest levels since July 2022, according to data from the American Automobile Association. In a country where affordability was already the watchword when the US and Israel attacked Iran, it was only a matter of time before the pain spread.