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High Impact

US GAS PRICES SURGE NEARLY 50% SINCE IRAN WAR START US regular gas now averages $4.45 per gallon (AAA). Prices are up 35 cents in a week and $1.47 since February 28—marking a 49.3% jump since the conflict began.

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🏷Markets
📰via WB
✍️Edited by Luís Barata

U.S. gas prices have surged nearly 50% since the onset of the Iran conflict, with regular gas now averaging $4.45 per gallon, reflecting a 35-cent increase in just one week. This spike is primarily driven by supply disruptions and heightened geopolitical risk, which have negatively impacted market sentiment and increased demand for alternative energy sources. Natural gas markets, particularly in the U.S., are most exposed due to their reliance on stable supply chains and the potential for further escalations in the region. Traders will be closely watching upcoming inventory reports and any developments regarding U.S. sanctions or military actions that could further influence energy prices.

Source: Originally reported by WB at May 03, 2026. Summary and market context by Trading News Terminal editorial.

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