How the Iran war could hit Americans’ grocery bills
High oil prices due to the Iran war are pushing gasoline prices higher and that could lead to grocery bills rising for American consumers.
Oil prices surged in recent weeks after the outbreak of the Iran war, rising from the $60 to $70 a barrel range for most of February to more than $100 a barrel on Monday before gradually easing to about $85 a barrel during Tuesday's trading session.
Higher oil prices, in turn, push gasoline and diesel prices higher, with the average price of a gallon...