{"id":42540,"date":"2026-03-28T12:34:11","date_gmt":"2026-03-28T12:34:11","guid":{"rendered":"https:\/\/financialrush.com\/?p=42540"},"modified":"2026-03-28T12:34:11","modified_gmt":"2026-03-28T12:34:11","slug":"higher-fuel-prices-pinch-budgets-beyond-the-gas-pump-during-the-u-s-iran-war","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=42540","title":{"rendered":"Higher fuel prices pinch budgets beyond the gas pump during the U.S.-Iran War"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108284326\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>USPS and United Airlines.<\/p>\n<p>Joe Raedle | Grace Hie Yoon | Anadolu | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>As the <a href=\"https:\/\/www.cnbc.com\/2026\/03\/26\/trump-iran-war-oil-strait-of-hormuz.html\">U.S.-Iran<\/a> war enters its fifth week, consumers are facing economic consequences that impact everything from travel planning to mail delivery.<\/p>\n<p>Companies and other organizations are increasingly preparing for an environment in which the conflict \u2014 and subsequent jolt to <a href=\"https:\/\/www.cnbc.com\/oil\/\">crude prices<\/a> \u2014 evolves from an unexpected shock into a long-term challenge. As corporate policies change, Americans will feel it on their pocket books beyond just as the <a href=\"https:\/\/www.cnbc.com\/2026\/03\/10\/aaa-gas-prices-iran-affordability-trump.html\">gas pump<\/a>.<\/p>\n<p>Many companies tie these adjustments to surging oil prices with the blockage of the key <a href=\"https:\/\/www.cnbc.com\/2026\/03\/27\/cnbc-daily-open-strait-of-hormuz-reopening-markets-cast-doubt.html\">Strait of Hormuz passageway<\/a> depressing supply. Prices on the May contract for <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-5\"><a href=\"https:\/\/www.cnbc.com\/quotes\/@LCO.1\/\">Brent<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> \u2014 a global benchmark for oil prices \u2014 have surged more than 55% in March, on track for their biggest monthly gain on record going back to 1998. <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-6\"><a href=\"https:\/\/www.cnbc.com\/quotes\/@CL.1\/\">U.S. oil prices<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> are up slightly less, logging a 49% increase month to date. <\/p>\n<\/div>\n<div>\n<div class=\"Collapsible-proliveCollapsableContainer\" role=\"button\" tabindex=\"0\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"256\" height=\"256\" viewbox=\"0 0 256 256\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" preserveaspectratio=\"xMinYMin\" class=\"Collapsible-stockChartIcon\"><title>Stock Chart Icon<\/title><desc>Stock chart icon<\/desc><g transform=\"translate(1.4065934065934016 1.4065934065934016) scale(2.81 2.81)\"><path d=\"M 87.994 0 H 69.342 c -1.787 0 -2.682 2.16 -1.418 3.424 l 5.795 5.795 l -33.82 33.82 L 28.056 31.196 l -3.174 -3.174 c -1.074 -1.074 -2.815 -1.074 -3.889 0 L 0.805 48.209 c -1.074 1.074 -1.074 2.815 0 3.889 l 3.174 3.174 c 1.074 1.074 2.815 1.074 3.889 0 l 15.069 -15.069 l 14.994 14.994 c 1.074 1.074 2.815 1.074 3.889 0 l 1.614 -1.614 c 0.083 -0.066 0.17 -0.125 0.247 -0.202 l 37.1 -37.1 l 5.795 5.795 C 87.84 23.34 90 22.445 90 20.658 V 2.006 C 90 0.898 89.102 0 87.994 0 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><path d=\"M 65.626 37.8 v 49.45 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 23.518 L 65.626 37.8 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><path d=\"M 47.115 56.312 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 42.03 L 47.115 56.312 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><path d=\"M 39.876 60.503 c -1.937 0 -3.757 -0.754 -5.127 -2.124 l -6.146 -6.145 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 59.844 C 41.952 60.271 40.933 60.503 39.876 60.503 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><path d=\"M 22.937 46.567 L 11.051 58.453 c -0.298 0.298 -0.621 0.562 -0.959 0.8 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 48.004 L 22.937 46.567 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><\/g><\/svg><\/p>\n<div class=\"Collapsible-proLivePlayerCloseOrExpand\"><\/div>\n<\/div>\n<p><iframe title=\"Brent's May contract in 2026\" src=\"https:\/\/www.cnbc.com\/appchart?symbol=%40LCO.1&amp;range=YTD&amp;type=mountain&amp;embedded=true&amp;$DEVICE$=undefined\" height=\"460\" scrolling=\"no\" loading=\"lazy\" style=\"border:0;width:100%\"><\/iframe><\/p>\n<p>Brent&#8217;s May contract in 2026<\/p>\n<\/div>\n<div class=\"group\">\n<p>The U.S. Postal Service said Wednesday that it was looking to slap a <a href=\"https:\/\/www.cnbc.com\/2026\/03\/25\/us-postal-fuel-surcharge-package-deliveries-iran-oil.html\">temporary 8% fuel surcharge<\/a> on deliveries of packages and express mail. The tax, which needs regulatory approval, would begin in late April and last into early 2027, the USPS said.<\/p>\n<p>&#8220;This temporary price adjustment will provide needed flexibility for the Postal Service by helping to ensure that the actual costs of doing business are covered, as required by Congress,&#8221; the Postal Service said in its announcement.<\/p>\n<p>The Postal Service said its charge was lower than those issued by competitors. <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-8\"><a href=\"https:\/\/www.cnbc.com\/quotes\/FDX\/\">FedEx<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-9\"><a href=\"https:\/\/www.cnbc.com\/quotes\/UPS\/\">UPS<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> upped their added fuel fees following the U.S.-Israeli strikes on Iran, CNBC previously reported.<\/p>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-10\"><a href=\"https:\/\/www.cnbc.com\/quotes\/UAL\/\">United Airlines<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> said it would <a href=\"https:\/\/www.cnbc.com\/2026\/03\/21\/united-airlines-to-cut-more-flights-as-it-eyes-elevated-oil-pric.html\">cut back<\/a> on running some lower-profit flights in the coming quarters as fuel costs jump, according to a memo from CEO Scott Kirby. Routes that take place midweek, Saturday and overnight are among those targeted.<\/p>\n<p>The Chicago-based air carrier is planning for oil to hit $175 a barrel and remain above the closely followed $100 mark through the end of next year. United&#8217;s fuel bill could increase by $11 billion at those prices, which would be more than double what the company earned in profit in top years, Kirby said.<\/p>\n<p>Travelers should prepare to pay more for tickets as a result of higher fuel costs, Kirby <a href=\"https:\/\/www.cnbc.com\/video\/2026\/03\/24\/united-airlines-ceo-scott-kirby-i-think-fares-will-continue-to-go-up-in-line-with-oil-prices.html\">told CNBC&#8217;s Phil LeBeau<\/a> this week. Oil is the second biggest expense for the company behind labor, he said.<\/p>\n<p>&#8220;I think fares will continue to go up in line with oil prices,&#8221; Kirby said. &#8220;In any business, but certainly in airlines, you&#8217;ve got to pass through the costs of the inputs.&#8221;<\/p>\n<p>Elevated oil prices can push up production costs for <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-13\"><a href=\"https:\/\/www.cnbc.com\/quotes\/MMM\/\">3M<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> products, CEO William Brown said at an industry conference earlier this month. He said the Command and Post-it parent could institute price hikes, similar to what was done following President <a href=\"https:\/\/www.cnbc.com\/donald-trump\/\">Donald Trump<\/a>&#8216;s tariff policy rollout nearly a year ago.<\/p>\n<p>&#8220;If the price of\u00a0oil\u00a0stays elevated, we&#8217;re going to have to take action like we had to do last year and be responsive on pricing,&#8221; Brown said.<\/p>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-15\"><a href=\"https:\/\/www.cnbc.com\/quotes\/DASH\/\">DoorDash<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-16\"><a href=\"https:\/\/www.cnbc.com\/quotes\/LYFT\/\">Lyft<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> this week rolled out <a href=\"https:\/\/about.doordash.com\/en-us\/news\/gas-price-relief-for-dashers\" target=\"_blank\">&#8220;relief&#8221;<\/a> <a href=\"https:\/\/www.lyft.com\/blog\/posts\/lyft-driver-gas-price-relief\" target=\"_blank\">programs<\/a> that included <a href=\"https:\/\/www.cnbc.com\/2026\/03\/12\/gig-workers-gas-prices-aaa-iran.html\">expanded reward offerings<\/a> at gas stations. Advocates for gig work platform drivers say these workers <a href=\"https:\/\/www.cnbc.com\/2026\/03\/12\/gig-workers-gas-prices-aaa-iran.html\">don&#8217;t have the same ability<\/a> to adjust rates when costs spike as other independent contractors.<\/p>\n<p>&#8220;Drivers are feeling the cost of rising gas prices, which ultimately impacts their earnings,&#8221; Yuko Yamazaki, Lyft&#8217;s head of driver, said in a statement.<\/p>\n<\/div>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108218697\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Uber and Lyft signage on a vehicle at San Francisco International Airport (SFO) in San Francisco, California, US, on Sunday, Aug. 3, 2025.<\/p>\n<p> David Paul Morris | Bloomberg | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>The average price of unleaded gas in the U.S. has jumped near the $4 mark, a roughly 33% increase from a month prior, according to <a href=\"https:\/\/gasprices.aaa.com\/\" target=\"_blank\">AAA<\/a>. The organization <a href=\"https:\/\/gasprices.aaa.com\/national-gas-average-jumps-one-dollar-in-one-month\/\" target=\"_blank\">said<\/a> the last time gas prices were this high was during   Russia&#8217;s invasion of Ukraine in 2022.<\/p>\n<p>Americans are growing less confident economically as they brace for steeper inflation, according to data from the <a href=\"https:\/\/www.cnbc.com\/2026\/03\/26\/stock-market-today-live-updates.html\">University of Michigan&#8217;s Surveys of Consumers<\/a> released Friday. The headline index fell almost 6% in March to one of its lowest levels on record.<\/p>\n<p>&#8220;War worsens consumers&#8217; feelings about the economy. This isn&#8217;t a shocking revelation,&#8221; said Elizabeth Renter, senior economist at financial education platform NerdWallet. &#8220;When we go to war, people anticipate worsening economic constraints, including higher prices.&#8221;<\/p>\n<p><em>\u2014 CNBC&#8217;s Dan Mangan and Jeff Cox contributed to this report.<\/em><\/p>\n<\/div>\n<div class=\"group\">\n<div class=\"RelatedContent-relatedContent\" id=\"RegularArticle-RelatedContent-1\">\n<div class=\"RelatedContent-container\">\n<div class=\"RelatedContent-nonCollapsibleContent\">\n<h2 id=\"get-morning-squawk-directly-to-your-inbox\" class=\"RelatedContent-header\">Get Morning Squawk directly to your inbox<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\"><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/div>\n<\/div>\n\n<br \/><a href=\"https:\/\/www.cnbc.com\/2026\/03\/28\/oil-doordash-lyft-usps-united.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"USPS and United Airlines. Joe Raedle | Grace Hie Yoon | Anadolu | Getty Images As the U.S.-Iran&hellip;\n","protected":false},"author":4,"featured_media":42541,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-42540","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/42540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42540"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/42540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/42541"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}