Gas Prices Spike Amid U.S.-Iran Tensions
The “Big Money Show” panel is set to discuss various pressing issues, including the rising conflict with Iran, the recent deaths of two U.S. service members in Jordan, escalating oil prices, and worries that the Iranian government might be using sanctions relief to enhance its military capabilities.
Currently, the national average price for regular gasoline, as reported by AAA, has surpassed $4 once again. As of July 21, the average was $4.019 per gallon, a slight increase from $4.003 the previous day, up from last week’s $3.859 and last month’s $3.938. To put this in perspective, last year the average price was significantly lower at just $3.141.
The White House was contacted for comments on the situation earlier this week.
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In a statement on Monday, President Donald Trump declared, “Every time Iran kills an American soldier, they will pay over and over again!” This message has been communicated to top military leaders, including Secretary of the Army Pete Hegseth and the Chairman of the Joint Chiefs of Staff, Daniel Kaine.
In response to Trump’s comments, former Congresswoman Marjorie Taylor Greene expressed her disagreement online, suggesting that American soldiers would not have fallen if the U.S. had not engaged in what she described as an unnecessary war with Iran. She pointed out that gas prices were below $2 in early 2019 and called for a similar approach now.
House Minority Leader Hakeem Jeffries commented on the rising gas prices, linking them to the conflict in Iran, stating, “Gasoline prices are over $4 a gallon again. The Republican-chosen war in Iran is making life more expensive.”
As of July 20, U.S. Central Command (CENTCOM) confirmed another military strike against Iran’s forces. This marks a continuation of efforts to target Iran’s military capabilities, especially to secure safe passage for merchant ships through the strategically significant Strait of Hormuz.
In the past months, CENTCOM has reported facilitating the passage of nearly 900 merchant ships and handling approximately 450 million barrels of crude oil through the corridor.
