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US gasoline prices jump 50 percent after Iran war shock What comes next for drivers
Economy
Published on 6 May 2026
Prices slid for two weeks before the surge
US gasoline prices surged about 50% following renewed tensions tied to the Iran war, reversing a brief period of relief. Earlier in April, prices were falling day after day as many drivers expected the conflict to ease. Now the sudden spike has renewed questions about how long fuel costs will stay elevated and when relief might return.
- US gasoline prices jumped around 50% after Iran war developments
- A two week stretch of daily declines abruptly ended
- Drivers who expected easing conflict now face higher fuel costs
- The market is left guessing when prices will stabilize
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times