The Newshound

Gas prices have stayed above $4 for a record 158 days straight as Trump's Iran war batters American wallets

A container ship burns in the Strait of Hormuz, the chokepoint handling a fifth of global oil supply, as American drivers face a record 158 consecutive days of pump prices above $4 a gallon.
A container ship burns in the Strait of Hormuz, the chokepoint handling a fifth of global oil supply, as American drivers face a record 158 consecutive days of pump prices above $4 a gallon.
US pump prices above $4 a gallon for a record 158 consecutive days straight, as Trump's Iran war restricts oil shipments and pushes September inflation back up to 3.7 per cent.
US pump prices above $4 a gallon for a record 158 consecutive days straight, as Trump's Iran war restricts oil shipments and pushes September inflation back up to 3.7 per cent.

American drivers have faced pump prices above $4 for 158 days in a row — a stretch that fuel-price analyst Patrick DeHaan calls unprecedented. The Iran war has strangled traffic through the Strait of Hormuz, which carries a fifth of the world's oil supply, lifting shipping costs and sending prices higher at the pump and on supermarket shelves. Inflation rose back to 3.7 percent in September after a brief retreat, and between March and May alone drivers paid an estimated $59 billion more for fuel than they did over the same period the previous year.

Trump has claimed gas prices are lower than they were under Biden, but the figures show they have stayed above $4 considerably longer during his time in office.

US toy prices are climbing ahead of the holiday shopping season as tariffs and the Iran war compound each other's inflationary pressure.

A Politico poll found that 29 percent of undecided voters would remain unconvinced to support Republicans even if Trump reduced gas prices by a dollar before the midterms.

MoreThe IndependentTrump’s Iran war just led gas prices to a dreadful new recordReutersOil shipping costs spike, lifting prices from pump to groceryReutersHow the Houthis are helping Iran turn Saudi Arabia into a pressure pointReutersUS toy prices surge ahead of holiday shopping season as tariffs, Iran war bite
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