America hasn’t even felt the full hit from the US and Israel conflict with Iran yet.
AMERICA HAS NOT YET FELT THE FULL ECONOMIC IMPACT OF THE U.S.–ISRAEL WAR WITH IRAN, BUT THE PAIN IS LIKELY TO INTENSIFY SOON
RISING OIL PRICES, SUPPLY CHAIN DISRUPTIONS, AND HIGHER INPUT COSTS ARE ALREADY BUILDING PRESSURE THAT COULD HIT CONSUMERS AND BUSINESSES IN THE COMING…
— First Squawk (@FirstSquawk) May 2, 2026
Oil Prices Spike, National Average Up Nearly 30 Cents in One Week
WASHINGTON, DC (April 30, 2026) – After ticking down for nearly two weeks, gas prices are going back up again with the national average seeing a 27-cent hike in one week. The national average is $1.12 higher than it was this time last year, as oil prices surge above $100/barrel with no indication of when the Strait of Hormuz will reopen. Gas prices are the highest they’ve been in four years, since late July 2022.
Today’s National Average: $4.300
One Week Ago: $4.031
One Month Ago: $3.990
One Year Ago: $3.183
Americans Spent $125 Million More on Gas Friday Than Week Ago…
A 33-cent jump in the price of regular gasoline in a single week is hitting wallets fast, with the summer driving season still ahead
This is exactly what I told you would happen.
S&P 500 just hit $7,230, a new all-time high.
Amid the worst geopolitical crisis of the century.
Oil is at $125.
The Strait of Hormuz is blockaded.
The US is already preparing for the next round of war escalation.
Nothing has… https://t.co/wjzAWvJkTN pic.twitter.com/YLULmB0HGu
— Alex Mason 👁△ (@AlexMasonCrypto) May 2, 2026