“An Israeli military strike against Iranian nuclear enrichment sites would spike gas prices to between $5 and $6 per gallon, according to market analysts.
This would be well beyond the record highs hit in 2008, when nationwide average retail prices hit $4.11 per gallon, analysts say.
… The United States does not import oil from Iran, but a supply disruption would affect U.S. gasoline prices because they’re tethered to crude prices set on global markets.
…. (Suzanne) Maloney, the Brookings expert who is also a former State Department policy adviser, said military action against Iran would have a sustained effect on oil markets.
“We are looking at some immediate implications as a result of a strike, and then very possibly a kind of sustained series of crises over weeks and months … that would make it very difficult to control the volatility in the oil market,” she said.
It’s interesting how GOP candidates who act deeply concerned about the impact of gasoline