--- title: "US gasoline crosses $3 per gallon mark in test of Trump's Iran war" type: "News" locale: "en" url: "https://longbridge.com/en/news/277509038.md" description: "Average U.S. retail gasoline prices have surpassed $3 per gallon for the first time since November, driven by escalating Middle East conflicts and disruptions in global oil supply. Brent crude prices have risen over 5% to nearly $77 per barrel, impacting fuel costs. This price increase poses a significant risk for President Trump and Republicans ahead of the midterm elections, as nearly half of Americans may oppose the Iran campaign if fuel prices continue to rise. Analysts predict further increases in gasoline prices due to refinery issues and ongoing geopolitical tensions." datetime: "2026-03-02T18:54:59.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277509038.md) - [en](https://longbridge.com/en/news/277509038.md) - [zh-HK](https://longbridge.com/zh-HK/news/277509038.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/277509038.md) | [繁體中文](https://longbridge.com/zh-HK/news/277509038.md) # US gasoline crosses $3 per gallon mark in test of Trump's Iran war By Shariq Khan NEW YORK, March 2 (Reuters) - Average U.S. retail gasoline prices crossed $3 a gallon for the first time since November on Monday as the conflict in the Middle East worsened, setting up a key test of public approval of President Donald Trump’s decision to attack Iran, analysts said. Tehran’s retaliation in response to U.S. and Israeli strikes has disrupted global oil supply, as it hit production facilities in neighboring countries and ships in the Strait of Hormuz, a key global trade route. Oil prices have surged, with Brent crude rising more than 5% to nearly $77 per barrel, and fuel prices moving up in tandem with the feedstock costs. Higher prices at the pump mark a major risk for Trump and his fellow Republicans as they head into midterm elections in November, with many Americans struggling to keep up with rising costs for daily goods. Nearly half the respondents in a Reuters/Ipsos poll said they would be less likely to support Trump’s Iran campaign if oil and gas prices rise in the U.S. “Gasoline prices are psychologically powerful,” said Mark Malek, chief investment officer at Siebert Financial. “They are the inflation number that consumers see every single day.” Analysts expect every rise of $10 a barrel in crude oil prices to result in an increase of 25 cents per gallon at the pump. Refinery snags could lead to bigger jumps in fuel prices, Malek said. Average retail gasoline prices crossed $3 a gallon on Monday, according to an OPIS live database. They should rise to as high as $3.25 per gallon this week due to the current crisis, said Tom Kloza, senior adviser to fuel supplier Gulf Oil. U.S. gasoline prices had risen for four straight weeks before the attacks on Iran, GasBuddy data showed, as refiners began the transition to summer-grade motor fuel, which is mandated by environmental regulations and costlier to make. The increases will be exacerbated by the conflict, GasBuddy analyst Patrick De Haan said. “In the week ahead, gasoline prices are likely to face heightened upward pressure as seasonal trends continue and markets navigate this evolving geopolitical landscape,” De Haan said. here here ### Related Stocks - [Vanguard Energy ETF (VDE.US)](https://longbridge.com/en/quote/VDE.US.md) - [iShares Global Energy ETF (IXC.US)](https://longbridge.com/en/quote/IXC.US.md) - [VanEck Oil Refiners ETF (CRAK.US)](https://longbridge.com/en/quote/CRAK.US.md) - [United States Oil (USO.US)](https://longbridge.com/en/quote/USO.US.md) - [Stt Strt®SPDR®S&P®Oil &GasEqpmnt&SvcsETF (XES.US)](https://longbridge.com/en/quote/XES.US.md) - [United States Brent Oil (BNO.US)](https://longbridge.com/en/quote/BNO.US.md) - [SttStrtSPDRS&POil&GasExplor&ProdtnETF (XOP.US)](https://longbridge.com/en/quote/XOP.US.md) - [The Energy Select Sector SPDR® ETF (XLE.US)](https://longbridge.com/en/quote/XLE.US.md) - [VanEck Oil Services ETF (OIH.US)](https://longbridge.com/en/quote/OIH.US.md) - [Invesco Oil & Gas Services ETF (PXJ.US)](https://longbridge.com/en/quote/PXJ.US.md) - [iShares US Oil Equipment & Services ETF (IEZ.US)](https://longbridge.com/en/quote/IEZ.US.md) - [iShares US Oil & Gas Explor & Prod ETF (IEO.US)](https://longbridge.com/en/quote/IEO.US.md) ## Related News & Research - [Oil prices spike and stock futures tumble in first trading since weekend attacks on Iran](https://longbridge.com/en/news/277374934.md) - [Oil heads for weekly decline as US, Iran extend talks](https://longbridge.com/en/news/277137597.md) - [Thailand has 60 days of oil reserves, finance minister says](https://longbridge.com/en/news/277434012.md) - [ROI-Iran war traps Treasuries investors in stagflationary oil dilemma: McGeever](https://longbridge.com/en/news/277468444.md) - [Revolutionary guards commander says Strait of Hormuz closed, Iran to set on fire any ship trying to pass](https://longbridge.com/en/news/277513699.md)