{"id":3486,"date":"2026-07-09T19:09:20","date_gmt":"2026-07-09T19:09:20","guid":{"rendered":"https:\/\/americanmovershub.com\/?p=3486"},"modified":"2026-07-09T19:09:20","modified_gmt":"2026-07-09T19:09:20","slug":"as-tensions-flare-again-in-middle-east-u-s-gas-prices-marching-back-to-4-mark-and-could-be-headed-higher","status":"publish","type":"post","link":"https:\/\/americanmovershub.com\/?p=3486","title":{"rendered":"As tensions flare again in Middle East, U.S. gas prices marching back to $4 mark and could be headed higher"},"content":{"rendered":"<div>\n<div>\n<div>\n<div>KEY POINTS<\/div>\n<\/div>\n<div>\n<ul>\n<li>U.S. average gas price jumps to $3.85 following renewed Middle East hostilities<\/li>\n<li>Prices had been heading down since start of peace talks late last month<\/li>\n<li>Industry watchers predict high consumer prices will persist, even if peace efforts are successful<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Consumer gas prices are headed up again as the U.S. launched fresh strikes against Iran Thursday, following President Donald Trump\u2019s comments at a NATO summit the previous day that the ceasefire was \u201cover\u201d after Iran attacked vessels in the critical Strait of Hormuz shipping passage.<\/p>\n<p>Read more <a href=\"https:\/\/americanmovershub.com\/?p=3484\">Watch: How President Porter learned she is never alone through Jesus Christ<\/a><\/p>\n<p>Consumer gas prices across the U.S. jumped by 5 cents a gallon on Thursday per AAA tracking, reversing a trend of reductions since the restart of peace talks late last month. The average price of a gallon of regular was $3.85 on Thursday, still well below the $4.16 national average of a month ago but up from $3.16 per gallon this time last year.<\/p>\n<p>Robin Brooks, senior fellow in Economic Studies with the Brookings Institution, noted in a Wednesday interview with Marketplace that before the U.S. and Israel launched attacks against Iran in late February, U.S. drivers were paying an average of about $3 per gallon. That national average would later climb to about $4.50 before inching down as tensions eased. Brooks said prices are set to head back up amid renewed attacks by both the U.S. and Iran, elevating pressures on U.S. household budgets.<\/p>\n<p>\u201cObviously this is going to push the prices at the pump back up,\u201d Brooks said. \u201cSo it\u2019s not good for the U.S. consumer and it\u2019s going to feed resentment and fears over affordability.\u201d<\/p>\n<p>If the Iran conflict should return to a full-blown \u201chot war,\u201d drivers should expect prices to head back toward recent highs.<\/p>\n<p>\u201cI think the shock is basically the same,\u201d Brooks said. \u201cIf you think back to the worst moments that we\u2019ve had (since the start of the Iran war), oil basically topped out around $125 \u2013 $126 per barrel. I think that\u2019s the top that we\u2019ll see now, if we really go back to a bad conflict again.&#8221;<\/p>\n<p>Utah drivers were facing average gas prices of $3.93 across the state on Thursday, according to AAA, up 7 cents per gallon from Wednesday and about 6 cents per gallon more than a week ago. While the current average price is well down from the $4.44 average from a month ago, it\u2019s still well ahead of the statewide $3.32 per gallon average from this time last year.<\/p>\n<p>While consumer gas prices showed a spike on Thursday, prices on oil futures eased a bit following Trump\u2019s comments that peace talks could be set to renew.<\/p>\n<p>Read more <a href=\"https:\/\/americanmovershub.com\/?p=3482\">Opinion: Family leisure is worth more than a mega venue<\/a><\/p>\n<p>International benchmark Brent Crude oil pricing was down just over 2% midday Thursday to $76.26 per barrel after Trump told reporters Wednesday evening that Iran had \u201ccalled\u201d requesting a renewal of peace talks.<\/p>\n<p>\u201cWe have many ways we can win, but we\u2019ve already won militarily,\u201d Trump told reporters aboard Air Force One Wednesday evening, per a report from CNBC. \u201cThey have very little left, and they want to make a deal so badly. They called a little while ago. They want to make a deal so badly. I just don\u2019t know if they\u2019re worthy of making a deal. I don\u2019t know that they\u2019re going to honor the deal. That\u2019s the problem.\u201d<\/p>\n<h3>Ending Middle East hostilities may not bring price relief<\/h3>\n<p>A report from Reuters notes that even as oil shipping traffic through the Persian Gulf\u2019s Strait of Hormuz has improved and wholesale prices have eased significantly, gasoline and diesel markets are signaling a supply crunch that could impact consumer prices for months.<\/p>\n<p>\u201cThere\u2019s just not enough refining capacity left globally to deal with all this,\u201d Sparta Commodities analyst Neil Crosby told Reuters, adding high fuel prices could soon curb consumer demand.<\/p>\n<p>William Stern, founder and CEO of San Diego-based business lender Cardiff, also believes recovering from the Iran war\u2019s impacts on the global petroleum industry will be an extended journey.<\/p>\n<p>\u201cDon\u2019t fall for the \u2018snapback\u2019 narrative,\u201d Stern said. \u201cThe media sees a few tankers moving and calls it a recovery, but that\u2019s a joke. We just went through the largest energy supply shock in history, you don\u2019t just flip a switch to fix broken infrastructure and restart production that\u2019s been down for months. U.S. inventories are still in the basement. <\/p>\n<p>\u201cWe\u2019re going to be feeling the aftershocks of this for another year, easily. Anyone telling you we\u2019re back to normal is just reading headlines instead of looking at the logistics. We\u2019re in a slow grind, not a V-shaped recovery.\u201d <\/p>\n<p>Read more <a href=\"https:\/\/americanmovershub.com\/?p=3480\">An ode to the sagebrush<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. gas prices on the rise again amid renewed Middle East tensions<\/p>\n","protected":false},"author":1,"featured_media":3485,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-3486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>As tensions flare again in Middle East, U.S. gas prices marching back to $4 mark and could be headed higher - American Movers Hub<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/americanmovershub.com\/?p=3486\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"As tensions flare again in Middle East, U.S. gas prices marching back to $4 mark and could be headed higher - 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