As Trump Plans Next Round in Iran War, Fresh Gas Price Shocks Rattle Consumers
Key takeaways
- The analyst who called NVIDIA in 2010 just named his top 10 AI stocks.
- For most Americans, Memorial Day weekend is supposed to mark the unofficial start of summer -- backyard cookouts, packed highways, beach trips, and family gatherings.
- AAA reported the national average price for regular gasoline climbed to $4.53 a gallon heading into the weekend, a sharp jump from roughly $3.20 a year ago.
As Trump Plans Next Round in Iran War, Fresh Gas Price Shocks Rattle Consumers Rich Duprey Sat, May 23, 2026 at 9:04 PM GMT+7 5 min read CL=F Quick Read Oil prices have surged above $100 per barrel amid escalating Iran military tensions, pushing the national average gasoline price to $4.53 a gallon heading into Memorial Day weekend, creating significant pain for consumers already battling inflation and high borrowing costs.
Trump’s unpredictable Iran war strategy is creating market volatility that threatens the Strait of Hormuz, through which 20% of global oil supply flows daily, forcing airlines, retailers, and manufacturers to absorb higher energy input costs while consumers face a de facto fuel tax on their household budgets.
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