
""This is worrisome, especially for those who have the least ability to weather the storm," Diane Swonk, chief economist at KPMG, told CNN."
"The long term fallout from the Iran war will depend on how long the war drags out, the damage done to the region's energy infrastructure, and whether Tehran will block oil from the Strait of Hormuz."
"Keeping the Strait open is crucial if the U.S. wants to keep oil flowing out of the region."
"Critics are blaming Trump for not anticipating Iran's threat, as negotiations are still ongoing."
Gas prices currently average $4 per gallon, with diesel at $5. Prices vary significantly across the U.S., with the West Coast experiencing the highest prices. California leads at $5.84 per gallon. The Midwest has the lowest prices, with Kansas at $3.27. The ongoing war in Iran is a major factor affecting future gas prices, depending on the war's duration and its impact on regional energy infrastructure. The situation remains uncertain, with ongoing negotiations and concerns about oil trade routes.
Read at Fast Company
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