Record #5991
The gasoline-price increase caused by the Iran conflict will be short-term - US national average gas prices will fall back to roughly their pre-conflict level (about $2.50-2.75/gal) within months
PendingRecorded occurrence
Each quote retains its own speaker, episode, publication date, timestamp when available, and full-source link.
Occurrence 1 of 1 · source record #5991 Verdict (Ted Cruz) · Iran: Why We're Fighting, How's it Going & What's the End Game
Original quoteSo, look, there's been a short term increase in gas prices, and anytime there's a military conflict in the Middle gas prices go up because a lot of oil comes from the Middle East, and so military conflict has an effect on supply demand. I think this will be short term.
Quote begins at 28:54
Prediction time2026-03-11
Exact speaking time unavailable; using the official episode publication date.
Episode published2026-03-11
FirmnessLoose
TopicEconomy
Resolve by2026-09-30
Boldness55 · Notable
How the call settles
EIA US national average retail regular gasoline price returns to at or below about $2.75/gal by September 30, 2026 (settled by the price actually falling back, not by any announcement)
Our reasoning
Pending. It will be judged only by this stored rule: EIA US national average retail regular gasoline price returns to at or below about $2.75/gal by September 30, 2026 (settled by the price actually falling back, not by any announcement) Deadline or event: 2026-09-30.