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Iran Conflict Drives Gas Prices Up, Boosts EV Interest

3/28/2026

31 6 Full Breakdown

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Story summary
  • The ongoing war in Iran disrupts maritime traffic through the Strait of Hormuz.
  • Gas prices rose from $2.98 to $3.98 per gallon over the past month.
  • The price change may push consumers toward hybrid and electric vehicles with higher insurance costs.
  • Lemonade and Travelers offer competitive rates for electric and hybrid cars with low-mileage discounts.
  • Dairyland specializes in high-risk drivers, and Geico and Progressive provide options for drivers with DUIs.
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