industry analysts

Higher prices for gas, groceries, and flights are expected to persist beyond the Iran war. Economists and industry analysts suggest that even if oil production resumes in the Middle East, consumers may not see immediate price reductions at fuel pumps or supermarkets.

California’s jet fuel supply has fallen to a three-year low, with 2.6m barrels as of 17 April 2025, down from 3.2m barrels in 2023, due to Middle East turmoil disrupting the global oil market. Analysts warn rising fuel prices could lead to canceled flight routes and travel disruptions.