Gas prices in the U.S. could surge if a definitive agreement isn’t reached between Washington and Tehran amid escalating tensions in the Middle East, according to GasBuddy analyst Patrick De Haan.
Gas Prices Could Rise
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In a post on X on Sunday, De Haan shared that gas prices fell to the “lowest level in over a month” at $4.296/gallon. However, De Haan cautioned that gas prices could “once again spike” if there wasn’t “a deal with Iran” to reopen the Strait of Hormuz. “49 of 50 states are seeing lower prices vs a week ago,” the analyst said.
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