Summer is almost here. That means hopping in your car and hitting the open road with your best friends and family. But before you plan on making that trip to the lake house, you should know that gas prices are about to go up once again thanks to the escalating conflict between Iran and Israel. Families will be torn apart, lives will be ruined forever, children will be killed, and worst of all, you might have to pay a couple extra dollars to top off the Subaru.
The tensions in the Middle East have a lot of investors worried about a wider conflict. They are already ringing alarm bells that oil production might be disrupted. As mothers dig through the rubble to find any evidence of their buried children the future prices for oil surged nearly 8% on Friday.
“The deadly attacks Israel launched on Iran will have an immediate effect on the American public’s ability to cruise down the boardwalk in their newly restored 1968 GTO,” said Eric Winston, the CFO of Gasworks, a non-profit that monitors oil prices. “We are seeing multiple children with limbs blown clean off, we fear this will inspire the Iranian government to retaliate against Israel which could slow down oil production around the globe.”
Further escalation of the crisis could not only result in World War III, but significant increases in all petroleum based products.
“American contractors who operate outside of any actual laws are on the ground trying to keep the peace in hopes of preserving shareholder value,” added Winston. “But if we see another mass casualty event on a civilian population we could be paying at least 25 cents more per gallon by September.