Vance says surge in gas prices will be ‘temporary’

PoliticsBusiness & Finance
19 Mar 2026 • 4:17 AM MYT
The Independent
The Independent

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  • JD Vance stated that rising gas prices in the U.S. due to the Iran war are a "temporary blip" but warned of a "rough road ahead" for consumers.
  • Vance, speaking in Michigan, compared current gas prices to those under the Biden administration, noting they are not as high as some previous peaks.
  • The increase in gas prices is attributed to Iran's closure of the Strait of Hormuz, which has disrupted global oil supply chains for three weeks.
  • Average diesel prices reached $5 a gallon on Monday, the highest since December 2022, with experts warning of broader economic impacts for American consumers.
  • Donald Trump, despite Vance's optimistic outlook, threatened to leave the responsibility for opening the Strait of Hormuz to other nations, implying a potentially prolonged conflict.

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