Gas prices in the US increased by 37%.
▪️The shadow of a war against Iran looms ahead of the mid-term elections.
🔹Since Trump took office, fuel prices in the US have risen by about $1.16 per liter (an increase of 37%), driven by the war in Iran and disruptions in the Strait of Hormuz.
🔹As of January 20, 2025, the average price for regular gasoline was $3.11 per gallon. Following the US and Israeli attacks on Iran at the end of February, prices rose, reaching a peak of $4.50 per liter in May.
🔹After a peace agreement was reached in June, prices dropped; However, they began to rise again following the collapse of this agreement.
🔹Currently, just one day before the midterm elections on November 3, the weekly average price is $4.27 per gallon.