Consumer Impact as Iran War Pushes Gas Prices Higher
Escalations in the Middle East have driven gas prices in Canada up by $20 to $25 per fill, with 85% of the increase attributed to Iran-U.S. tensions, says analyst Patrick De Haan.
8 Articles
8 Articles
GM Sees No Immediate Demand Shift as Iran War Pushes Up Gas Prices
General Motors has not yet seen a major shift in sales as the ongoing war in Iran drives gas prices up, according to Paul Jacobson, the automaker’s finance chief. Speaking on March 18 at Bank of America’s Global Automotive Summit, Jacobson said it typically takes several months of persistently high oil prices before consumers begin moving toward smaller or more fuel-efficient vehicles. “If you look at the historical models, usually, it takes fo…
Consumer impact as Iran war pushes gas prices higher
ODESSA, Texas (KMID/KPEJ) - The U.S. war with Iran has caused shockwaves in the economy across the country. Primarily, the price of oil. U.S. oil prices have risen nearly 50%. The day before the U.S.-Israel joint strike took place in Iran (February 28, 2026), WTI (West Texas Intermediate) prices closed at $67.02. Prices as of [...]
GM Says You Literally Do Not Care About Expensive Gas As Prices Rise 27%
If you have pulled up to a gas station in the last few weeks, you have undoubtedly felt the brutal sting to your wallet. With global oil markets reacting to the ongoing war in Iran, the national average for a gallon of regular gasoline has skyrocketed to $3.72 – a massive 27% increase since late February. Historically, a massive spike at the pump is terrible news for automakers that rely heavily on selling massive, gas-guzzling pickup trucks and…
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- 40% of the sources lean Left, 40% of the sources are Center
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