GasBuddy: Fuel Prices Could Rise Amid Geopolitical Tensions08/10/2026You can enjoy the slight relief in gas prices but don’t expect it to last long. GasBuddy's Head of Petroleum Analysis Patrick De Haan explains:"Average gasoline prices declined in 47 states over the last week while diesel fell in 39, with the national average price of gasoline posting a double-digit drop per gallon. Diesel's decline was roughly half that of gasoline, in part due to continued pressure on refined product markets from ongoing Ukrainian attacks on Russian oil refineries. However, the wild ride continues. Iran is pushing back against a reopening of the Strait of Hormuz, and oil prices edged modestly higher in Sunday night trading, signaling that the recent relief may not last. With the Strait remaining closed, upward pressure on fuel prices could return quickly, and if things don't go well, the national average could climb to its highest level ever recorded this late in the calendar year. For now, enjoy the dip, but keep a close eye on how the Strait situation develops in the days ahead." -Patrick De Haan