Gas prices are expected to rise modestly after US strikes on Iranian nuclear facilities

Do not worry about car drivers A significant increase in prices In the gas pump so far, according to industry analysts.

Oil prices, which represent more than half of what consumers pay in the pump, fell on Monday morning after a temporary rise on Sunday after the American strikes on three main Iranian nuclear sites during the weekend.

The price of West Texas, the Mediterranean (WTI) sat about one year, while Brent crude is close to a five -month rise last week with the intensification of the conflict between Israel and Iran. As of Monday, WTI decreased to about $ 73 a barrel, and Brent is sitting about $ 76 a barrel.

This is good news for those in the pump. “Knee tremor” reactions in the market are typical after the main activity.

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“It is possible that car drivers will continue to see a slow but fixed increase in gas prices at the present time,” said De Han. “You don’t really worry about huge nails yet.”

It was estimated that the increase throughout the week would be between 10 and 15 cents, saying it is similar to what consumers saw last week.

The President of Lipow Oil Associats, Andy Leipo, expects that gas prices have a “modest” rise only from 3 to 5 cents in the coming days.

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However, Lipow said that any retaliatory attack by Iran can frighten the oil market, which leads to high prices.

The market believes that China, which buys more than 90 % of Iranian oil exports, along with large quantities of Middle East oil, will pressure Iran to avoid closing the hormonal strait, according to Lovo. Iran has threatened to close the Shipping Strait after the United States strikes against Iranian nuclear installations.

“While the Strait may not be in Iran’s economic interest, if Israel aims to attack the main export facility on an island outside, they may do so,” Levo said.

The strait is a critical waterway that connects the Persian Gulf with the Gulf of Oman and the Arab Sea. The waterway takes over the largest crude oil tankers in the world and is considered one of the most important oil selection points in the world, according to what he said Energy Information Management (EIA).

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In 2024, 20 million barrels of oil flowed per day, or about 20 % of global petroleum fluid consumption, through the waterway. There are also very few alternative options to transport oil from the strait if closed, according to the measuring of the environmental environment.

If oil exports are affected by the strait, oil prices may easily reach $ 100 a barrel, according to Lipow. This would raise the prices of gasoline by about 75 cents for gallons from the last levels. There are predictions that oil may rise between $ 120 and $ 130 a barrel. If so, gasoline prices will rise by $ 1.25 per gallon.