The Newshound

US gas prices stay above $4 for record 158 days straight as Iran war drives inflation to 3.7%

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 now endured pump prices above $4 a gallon for 158 days in a row — an unprecedented run — as Trump's Iran war restricts oil shipments through the Strait of Hormuz and pushed September inflation back up to 3.7 per cent. The ripple effect extends from fuel stations to grocery aisles, with toy prices also rising ahead of the Christmas shopping season. Patrick DeHaan of fuel-price tracker GasBuddy estimates that consumers paid roughly $59 billion more for fuel between March and May than over the same period a year earlier.

Trump has claimed gas prices are lower than they were under Biden, yet drivers have remained above $4 far longer during his presidency.

Energy companies are reaping the rewards — TotalEnergies expects refining margins to nearly quadruple year-on-year, with Shell and BP also flagging record or near-record profits.

MoreThe IndependentTrump’s Iran war just led gas prices to a dreadful new recordFinancial TimesOil majors face $32bn dilemma over Iran war windfallReutersOil shipping costs spike, lifting prices from pump to groceryReutersTotalEnergies flags quarterly profit surge as Iran war continues to drive energy pricesReutersCOMMENTARY: Oil's long view darkens as Iran war refuses to endReutersKenya raises fuel prices as Middle East conflict lifts import costsReutersUS toy prices surge ahead of holiday shopping season as tariffs, Iran war bite
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