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Iran war drives fuel-price and economic shock

Iran war drives fuel-price and economic shock

Reported gasoline prices have reached about $4.44 nationally and diesel roughly $6.40-$6.50, with diesel reportedly up 77% year over year. The shock is raising costs for households, farmers, trucking and travel, particularly in rural and energy-producing states, while increasing political pressure for export restrictions and adding to inflation and rate-policy risks.

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Updated Sep 23, 2026