'Gas prices averaged $4.15 a gallon nationwide Friday, up from $2.98 on the day before - Trumps Iran war began, accordi

[riversedge]

And for sure----prices are and will continue to rise.

Gas prices averaged $4.15 a gallon nationwide Friday, up from $2.98 on the day before - Trumps Iran war began, according to motor club AAA.

https://www.pbs.org/newshour/amp/economy/soaring-gas-prices-leads-to-


Soaring gas prices leads to biggest monthly inflation spike in four years in March
By — Christopher Rugaber, Associated Press
Economy Apr 10, 2026 9:55 AM EDT

WASHINGTON (AP) — The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the inflation-fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House.

READ MORE: Top Fed official sees potential rate hike amid higher gas prices, inflation concerns

Consumer prices rose 3.3% in March from a year earlier, the Labor Department said Friday, up sharply from just 2.4% in February and the biggest yearly increase since May 2024. On a monthly basis, prices rose 0.9% in March from February, the largest such increase in nearly four years.

It's the first read on inflation to capture the effects of the Iran war.

..............

The gas price shock stemming from the Iran war has shifted inflation's trajectory, from a slow, gradual decline to a sharp increase further away from the Fed's 2% target. As a result, the central bank will almost certainly postpone any cut in interest rates for months and many Fed officials have said a rate hike may be needed if inflation doesn't cool. Gas prices are also a highly visible cost that has outsize impacts on consumer confidence and political sentiment............

[ProfessorGAC]

1. A Mere 39%

For the exact same return in goods.
But, since a handful of investors will make a ton of money, everyone should be happy about it.
Odd logic he employs.