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GOBankingRates

Travis Woods

3 Invisible Car Costs that Will Spike with Your Gas Prices Right Now

Gas Prices Iran Oil GOBankingRates GoBankingRatescom Social Security United States

jhorrocks / Getty Images

With approximately 20% of the world’s oil traffic passing through the Strait of Hormuz, the war with Iran has already caused U.S. gas prices to spike. If the conflict continues, gas could be as high as $4.00 per gallon by late summer.

Learn More: How Much Gas Prices Have Increased in Every State Since Iran Conflict Began

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