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Business · St. Louis

Gas Hits $4.20 as Iran War Drags On

The average price of regular gas has risen 40% since the conflict began in February.

By Jack Weber ·

Illustration for: Gas Hits $4.20 as Iran War Drags On
Illustration generated for this article, not a news photograph.

The average price of a gallon of regular gasoline reached $4.20 on October 30, according to data from AAA. This figure represents a 40% increase in fuel costs since the U.S.-led war against Iran commenced on February 28. The price spike has become a central economic issue in the current political climate.

Diesel prices have also climbed sharply. The average cost now exceeds $6 per gallon, a rate that directly impacts truckers and farmers who rely on the fuel for operations. These elevated costs persist due to continuous threats from Iran in the Strait of Hormuz, a key chokepoint for global energy transport.

President Donald Trump stated at a recent campaign rally that the primary objective of the war has been achieved. He cited Operation Midnight Hammer and Operation Epic Fury as actions that obliterated Iran’s nuclear enrichment capacity. “We defeated them militarily, financially and otherwise,” Trump said. “And now we are ensuring just one thing: we have to make sure that they never, ever have a nuclear weapon, and we will do that very easily.”

The president has maintained that the conflict requires a long-term guarantee against future nuclear development. When White House correspondent Jon Decker asked on October 10 why the administration had not declared victory, Trump replied, “Because I have to keep it that way. I don’t want to do it in two years.” He added that the question was actually very good. The war is now entering its ninth month without a visible end in sight.

Likely voters in key Senate races told pollsters that high prices for food and energy are their top concerns. Trump has told reporters and supporters that gas prices will fall once the war with Iran ends. The conflict continues to affect every part of America as it plays a critical role in the upcoming midterm elections.

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