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Iran War Spurs US Gas, Airline Price Hikes; Cut Driving

5/17/2026

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Summary

Story summary

United States consumers face higher gasoline prices and airline fares as the Iran War lifts energy costs.
Economist Mike Walden says U.S. refineries were built for light oil, forcing imports of heavy oil because wells are inland or in Alaska while refineries sit on coasts, easing ocean transport.
Walden urges cutting gasoline use, noting that 91% of U.S. vehicles run on gasoline and that reduced driving can boost energy independence.

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Story summary

United States consumers face higher gasoline prices and airline fares as the Iran War lifts energy costs.
Economist Mike Walden says U.S. refineries were built for light oil, forcing imports of heavy oil because wells are inland or in Alaska while refineries sit on coasts, easing ocean transport.
Walden urges cutting gasoline use, noting that 91% of U.S. vehicles run on gasoline and that reduced driving can boost energy independence.