Last Saturday, the U.S., along with Israel, launched a bomb strike in the country of Iran, killing Supreme Leader Ayatollah Ali Khamenei. In an attempt to “eliminate” and eradicate the threat of the country of Iran creating “a nuclear weapon,” the U.S. and Israel have initiated the bomb with the intent “to wipe out the regime’s military capabilities,” as according to President Trump.
In retaliation, Iran has responded by sending counter missiles directed both at the U.S. and Israel. Killing a reported total of 6 U.S. service members, 11 individuals in Israel, and over 550 people in Iran, much blood has already been shed in this brimming conflict between the three countries.
And I fear every day Americans will soon begin to feel the effects at the pump. According to CNN, an independent oil analyst, Tom Kloza, reports a prediction for gas prices to rise between 5 and 10 cents a day for a while. According to Kloza, “Wholesale gasoline prices closed up about 4% in global markets Monday. Diesel futures soared nearly 12%.”
Speaking to CNN on Sunday, Kloza recounted how he “got a call in the early morning,” and how “there were a number of companies that were raising their wholesale prices for gasoline by 25 cents (a gallon).”
Please note that with the ongoing conflict overseas, it is still too early to tell exactly how much the prices will rise, for these are only predictions for now. However, the one thing that is sure to be correct is the following: The prices will increase.
As this is a developing story with so much unclear and unconfirmed, I can only provide the predictions and speculations from backed and reputable sources that have reported on the concerning issue. As this is a current developing story, these numbers and statistics are subject to change and most likely will change from day to day as the week progresses. I would encourage you to stay informed on the ongoing story and to please follow our current report form NYC Tastemakers to additionally stay informed on the matter at hand.
