Fuel price spikes may ding Trump administration politically less than originally thought

Published May 8, 2026 7:25am ET | Updated May 8, 2026 7:25am ET



Americans’ domestic and international trips likely won’t be massively curtailed by higher gasoline prices this summer, analysts have said. Though some would-be tourists may make some subtle changes in how they travel.

The war with Iran, initiated by President Donald Trump on Feb. 28 in tandem with Israel, has had wide-reaching effects beyond just the Persian Gulf conflict itself. One of the most noticeable side effects from the war has been an enormous spike in energy prices — a barrel of oil has shot up above $100, and gas prices have risen to uncomfortable levels.

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