Topline The average price for a gallon of regular gas has dropped below $3 in 25 states as of Sunday, though the escalating conflict between Israel and Iran in the Middle East could soon lead to higher prices, some industry analysts say. Patrick de Haan, GasBuddy’s head petroleum analyst, said he expects national gas prices to increase between five and 15 cents “over the next week or two” in response to rising oil prices and Israel’s conflict with Iran, after earlier estimating an increase by as much as 25 cents per gallon. It’s unclear whether Israel’s conflict with Iran will deescalate soon, despite President Donald Trump signaling both countries “should make a deal, and will make a deal.” Israeli Prime Minister Benjamin Netanyahu has suggested Israel’s military campaign would intensify, following reports that Israel had targeted Iran’s oil and gas industry for the first time, though it’s unclear whether the attacks have disrupted oil production or infrastructure.
Author: Ty Roush, Forbes Staff, Ty Roush, Forbes Staff https://www.forbes.com/sites/tylerroush/
Published at: 2025-06-15 20:45:55
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