- The AAA national average for regular gas has risen above $4, reaching $4.019 as of July 21.
- U.S. Central Command (CENTCOM) struck Iranian military command centers, maritime capabilities, missile and drone launch sites, and air defense systems to degrade Iran's ability to attack commercial vessels.
- House Minority Leader Hakeem Jeffries linked gas prices to the war, saying gas prices are above $4 because of the Republican war of choice in Iran.
- Since early May, CENTCOM has facilitated transit of approximately 900 commercial vessels and 450 million barrels of crude oil.
- Spokeswoman Taylor Rogers stated that oil and gas prices will plummet as the U.S. military degrades Iran's ability to attack vessels in the Strait of Hormuz.
- President Donald Trump asserted that every time Iran kills an American soldier, they will pay many times over, directing the message to Pete Hegseth, Daniel Caine, and military leaders.
- Former Rep. Marjorie Taylor Greene criticized the war, arguing American soldiers are dying because of an unnecessary war to open the Strait of Hormuz.
The AAA national average for regular gasoline has reached $4.019 per gallon, a notable increase from $3.859 just a week ago and significantly higher than last year's average of $3.141. This surge in prices coincides with renewed U.S. military actions against Iran, aimed at degrading its military capabilities.1
U.S. forces have targeted Iranian military command centers and maritime capabilities, which are crucial for maintaining the free flow of energy through the Strait of Hormuz. The ongoing conflict has raised concerns about the stability of oil prices, with some analysts predicting that prices could eventually return to pre-conflict levels if military actions are successful.2
Critics argue that the military engagement is unnecessary and is contributing to rising gas prices, stating, “The Republican war of choice in Iran is making life more expensive.” As of now, U.S. forces have facilitated the transit of approximately 900 commercial vessels and 450 million barrels of crude oil since early May, highlighting the strategic importance of the region.34
The situation remains fluid, and the impact on gas prices will depend on the outcome of military operations and geopolitical developments in the coming weeks.
“Spokeswoman Taylor Rogers stated that oil and gas prices will plummet as the US military degrades Iran's ability to attack vessels in the Strait of Hormuz. Separately, CENTCOM confirmed it struck Iranian military command centers and maritime capabilities to protect commercial shipping.”
Fox Business
