{"id":3041,"date":"2026-07-11T23:06:53","date_gmt":"2026-07-11T23:06:53","guid":{"rendered":"https:\/\/usmovingexpertss.com\/?p=3041"},"modified":"2026-07-11T23:06:53","modified_gmt":"2026-07-11T23:06:53","slug":"the-war-driving-up-gas-prices-isnt-the-one-you-think","status":"publish","type":"post","link":"https:\/\/usmovingexpertss.com\/?p=3041","title":{"rendered":"The war driving up gas prices isnt the one you think"},"content":{"rendered":"
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If you thought gasoline prices were moving higher this week, you’d be right. <\/p>\n

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But why there were upward pressures on prices may surprise you.<\/p>\n

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It’s true that prices in the United States had fallen about 17% to under $3.80 nationally from their mid-May peaks into the Fourth of July holiday, and the big reason for the decline was that the United States and Iran seemed interested in bringing their conflict to a halt.<\/p>\n

Read more Tesla\u2019s Profit Lead Over Toyota Is Almost Gone<\/a><\/p>\n

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That stopped when Iranian drones hit a series of tankers trying to pass through the Strait of Hormuz. The Trump Administration promptly retaliated, and President Donald Trump declared the ceasefire, signed on June 17, dead. <\/p>\n

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Related: As Middle East tensions explode, oil and gas prices reset<\/strong><\/p>\n

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So, prices moved up. GasBuddy’s price was $3.853 per gallon on July 10, up 3.6% since bottoming on July 5. The price was down 15.6% from its May 20 peak – but still up nearly 37% for the year.<\/p>\n

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AAA’s national average on July 10 was $3.884, up 2.1% from the July 5 low and also up nearly 37% in 2026. <\/p>\n

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The price increases came even as the Trump Administration vaguely threatened gas station operators if they didn’t start cutting prices.<\/p>\n

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Possible new peace talks trim oil gains <\/h2>\n

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Crude oil, meanwhile, jumped a combined 7.3% on July 7 and 8 before slipping back to $75.22 per 42-gallon barrel on July 10. <\/p>\n

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The price decline came as White House said July 10 that Iran and the United States will start to talk again about a permanent peace. But the U.S. won’t adhere to a ceasefire. <\/p>\n

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Axios said a new round of talks may start next week, “possibly in Switzerland.”<\/p>\n

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Nonetheless, crude oil was up 4.3% for the week, according to Wall Street Journal data.<\/p>\n

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More Oil & Gas:<\/strong><\/p>\n

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