A new poll from NPR, PBS News, and Marist shows that more than 8 out of 10 Americans say their household budget is under strain because of fuel prices. Families are spending less on food, entertainment, and travel.
President Trump has said a peace deal could be near, but Iran is still reviewing the proposal. Oil prices continue to swing wildly between 97 and 110 dollars a barrel. Energy experts warn that prices may stay high for several more weeks.
American consumers are feeling the pain at the gas pump as the war in the Middle East stretches into its 69th day. The national average price for regular gasoline has climbed for 15 consecutive days, hitting 4.56 dollars a gallon — up dramatically from 2.98 dollars before hostilities began. The increase amounts to a 53 percent jump in just over two months.
The pressure on global oil supplies stems mostly from the Strait of Hormuz, where roughly 1,600 commercial vessels, including a large number of oil tankers, remain unable to leave safely. The Strait normally carries about 20 percent of the world's seaborne crude. With its passage now disrupted, refineries in the United States, Europe, and Asia are paying premium prices for available shipments.
A new NPR/PBS News/Marist poll shows that more than 8 in 10 Americans report a major or minor strain on their household budget because of higher fuel costs. Lower-income families have been hit hardest, and consumer spending in restaurants and travel has begun to slow noticeably. Economists worry about a broader inflation shock if prices stay elevated.
President Donald Trump says diplomacy is making progress. A 14-point peace proposal has been delivered to Tehran through Pakistani mediators, but Iran has not yet given a final response. In the meantime, Brent crude continues to swing wildly, oscillating between 97 and 110 dollars a barrel. For drivers and households, every day without a deal means more pain at the pump.
Sixty-nine days into the Middle East war, American households are absorbing one of the sharpest energy shocks in recent memory. The national average price for regular gasoline has now risen for 15 consecutive sessions, settling at 4.56 dollars a gallon — a 53 percent surge from the prewar baseline of 2.98 dollars. The escalation is rippling through every layer of the consumer economy, from supermarket aisles to airline fares.
The proximate cause is the partial closure of the Strait of Hormuz, the maritime chokepoint through which roughly 20 percent of the world's seaborne crude oil normally transits. Approximately 1,600 commercial vessels, including a substantial flotilla of tankers, remain immobilized in or near the strait, unable to depart safely amid the ongoing US naval blockade and Iranian counter-pressure. Refineries from Houston to Rotterdam to Singapore are bidding aggressively for the diminished supply that does reach the open market, driving Brent crude into a volatile 97-to-110-dollar trading band.
An NPR/PBS News/Marist poll released this week underscores the political stakes. More than 8 in 10 Americans report either major or minor strain on their household budgets attributable to fuel costs, with lower-income respondents disproportionately affected. Discretionary spending — at restaurants, on leisure travel, and on durable goods — has visibly contracted, raising the specter of a stagflationary episode if higher energy prices persist into the second half of the year.
President Donald Trump insists that diplomacy is bearing fruit, pointing to a 14-point framework now under review in Tehran via Pakistani intermediaries. He has also reserved the option of escalating to strikes 'at a much higher level' should the talks falter — a posture reinforced by Thursday night's reported attacks on the Iranian ports of Bandar Abbas and Qeshm. For ordinary motorists, however, the diplomatic theater offers cold comfort. Until tankers can move freely through the Strait once again, the price at the pump is likely to remain punishingly high.
The national average for regular gasoline in the United States has climbed for 15 days in a row, reaching 4.56 dollars a gallon — up from 2.98 dollars before the Middle East war began. More than 8 in 10 Americans say their household budget is under strain.
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Gas in America is very expensive now. The price is 4.56 dollars a gallon. Last year it was only 2.98 dollars. People are not happy.
The price has gone up for 15 days. Each day it goes a little higher. The reason is the war in the Middle East. The war makes oil cost more.
Many ships are stuck near Iran. They cannot move out of the Strait of Hormuz. Oil tankers are part of these ships. So less oil reaches markets.
More than 8 in 10 Americans say money is tight. They cannot buy as much food. Cars are too costly to drive. Families want a fast end to the war.
1How much is gas now?
2What was the price before the war?
3How many days in a row has the price gone up?
4Why is the price going up?
5How many Americans say money is tight?
6Gas in America is now 4.56 dollars a gallon.
7The price is going down.
8Many ships are stuck near Iran.
9Most people are happy about the prices.
10Families want the war to end fast.
11Gas now costs ___ dollars a gallon.
12Before the war it was ___ dollars.
13The price has gone up for ___ days.