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GasBuddy: Expect Higher Prices Amid War in Iran

03/02/2026
Gas prices are likely to go up over the next week as markets begin reacting to the war in Iran. GasBuddy's Head of Petroleum Anaylsis Patrick De Haan explains:

“The national average price of gasoline has climbed for a fourth straight week, driven primarily by seasonal tightening and broader market dynamics. Looking ahead, markets will now begin reacting to this weekend’s U.S.–Iran attacks, which have elevated geopolitical risk premiums even in the absence of immediate supply disruption. Oil prices have firmed as traders assess the potential for further escalation, and while fundamentals such as inventories and refinery activity remain important anchors, the risk of broader instability— particularly involving key transit routes— has injected fresh uncertainty into energy markets. In the week ahead, gasoline prices are likely to face heightened upward pressure as seasonal trends continue and markets navigate this evolving geopolitical landscape, with the national average poised to reach the $3-per-gallon mark for the first time this year.” -Patrick De Haan
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