Briefing: How High Could Gas Prices Go? What to Know About the Iran War’s Ongoing Impact

Current average gas prices stand at $3.50, with forecasts suggesting a substantial increase due to geopolitical tensions stemming from the Iran war.

The conflict has already begun to affect oil supply chains globally, raising concerns about long-term capacity and throughput in affected regions.

Experts indicate that the anticipated price increase could last between 6 to 12 months, necessitating strategic adjustments in energy procurement and consumption.