PresidentDonald Trumpacknowledged thatoil and gas pricesmay go up, and less than a week into thewar in Iran,they already have.
"We have a little high oil prices for a little while, but as soon as this ends, those prices are going to drop I believe lower than ever before," Trump said in theOval Office on March 3. He also later toldReutersin an exclusive interview on gas price increases that he doesn't "have any concern about it," saying the military operation "is far more important than having gasoline prices go up a little bit."
The U.S. and Israeli strikes started early Feb. 28, as the U.S. says it aims to end Iran'snuclear and ballistic missile programs. The spreading war in the region threatens the oil supply, and Trump has said the U.S. military campaign could last several weeks.
Trump has often toutedlow gas pricesas an accomplishment of his administration, but they have already risen in less than a week since the war started.
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Iran war live updates:Trump says 'I don't have any concern' about rising gas prices
See how Middle Eastern countries are caught in the crossfire of the
war launched by the United States and Israel against Iran.
Bahrain Smoke rises in the sky after blasts were heard in Manama, Bahrain, Feb. 28, 2026." style="max-width:100%; height:auto; border-radius:6px; margin:10px 0;" loading="lazy" />
Syria Syrian children stand on the wreckage of an Iranian rocket that was reportedly intercepted by Israeli forces in the southern countryside of Quneitra, near the Golan Heights, close to the town of Ghadir al-Bustan." style="max-width:100%; height:auto; border-radius:6px; margin:10px 0;" loading="lazy" />
Iraq A plume of smoke rises near Erbil International Airport in Erbil on March 1, 2026. Loud explosions were heard early on March 1 near Erbil airport, which hosts US-led coalition troops in Iraq's autonomous Kurdistan region, an AFP journalist said." style="max-width:100%; height:auto; border-radius:6px; margin:10px 0;" loading="lazy" />
Iraq Members and officers from the Iraqi Interior Ministry's Explosives Directorate inspect the fuel tank of a rocket that landed in a rural village in the Siyahi area near the city of Hilla in the central Babil province on March 1, 2026. Iraq, which has recently regained a sense of stability but has long been a proxy battleground between the U.S. and Iran, warned that it did not want to be dragged into the war that started on Feb. 28 with U.S. and Israeli strikes on Iran." style="max-width:100%; height:auto; border-radius:6px; margin:10px 0;" loading="lazy" />
Qatar A prayer appealing to God for protection is projected on the dome of al-Hazm shopping mall in Doha on March 1, 2026." style="max-width:100%; height:auto; border-radius:6px; margin:10px 0;" loading="lazy" />
Qatar Motorists drive past a plume of smoke rising from a reported Iranian strike in the industrial district of Doha on March 1, 2026." style="max-width:100%; height:auto; border-radius:6px; margin:10px 0;" loading="lazy" />
Bahrain A building that was damaged by an Iranian drone attack, after Israel and the U.S. launched strikes on Iran, in Manama, Bahrain, March 1, 2026." style="max-width:100%; height:auto; border-radius:6px; margin:10px 0;" loading="lazy" />
Saudi Arabia The empty terminal at King Khalid International Airport in Riyadh is pictured on March 1, 2026. Global airlines cancelled flights across the Middle East after the U.S. and Israel launched strikes on Iran on Saturday, plunging the region into a new conflict. In Saudi Arabia, Iranian missiles targeting Riyadh's international airport and the Prince Sultan Airbase, which houses U.S. military personnel, were intercepted, a Gulf source briefed on the matter told AFP." style="max-width:100%; height:auto; border-radius:6px; margin:10px 0;" loading="lazy" />
United Arab Emirates A food delivery bike drive close to a plume of smoke rising from the Zayed Port following a reported Iranian strike in Abu Dhabi on March 1, 2026." style="max-width:100%; height:auto; border-radius:6px; margin:10px 0;" loading="lazy" />
United Arab Emirates An oil tanker is pictured offshore in Dubai on March 1, 2026. Attacks have damaged tankers, and many ship owners, oil majors and trading houses suspended crude oil, fuel and liquefied natural gas shipments via the
Strait of Hormuz." style="max-width:100%; height:auto; border-radius:6px; margin:10px 0;" loading="lazy" />
Oman Smoke billows from an oil tanker under U.S. sanctions, that was hit off Oman's Musandam peninsula, in this screen grab from a video obtained by Reuters on March 1, 2026." style="max-width:100%; height:auto; border-radius:6px; margin:10px 0;" loading="lazy" />
Kuwait Smoke rises from a reported Iranian strike in the area where the U.S. Embassy is located in Kuwait City on March 2, 2026. Black smoke was seen rising from the U.S. embassy in Kuwait City on March 2 after the latest volley of Iranian strikes, an AFP correspondent saw," style="max-width:100%; height:auto; border-radius:6px; margin:10px 0;" loading="lazy" />
Saudi Arabia A satellite image shows efforts to control a fire as smoke rises in the Ras Tanura oil refinery in Saudi Arabia after a drone attack, amid the U.S.-Israel conflict with Iran, in Ras Tanura, Saudi Arabia March 2, 2026." style="max-width:100%; height:auto; border-radius:6px; margin:10px 0;" loading="lazy" />
Turkey People make their way after crossing from Iran into Turkey at the Kapikoy Border Gate in eastern Van province,Turkey, March 2, 2026." style="max-width:100%; height:auto; border-radius:6px; margin:10px 0;" loading="lazy" />
United Arab Emirates Delivery persons ride motorcycles along a road as a tall smoke plume billows following an explosion in the Fujairah industrial zone on March 3, 2026." style="max-width:100%; height:auto; border-radius:6px; margin:10px 0;" loading="lazy" />
United Arab Emirates Pieces of missiles and drones recovered after Iran's strikes are displayed during a press briefing by the UAE government held in Abu Dhabi on March 3, 2026. Iran stepped up its attacks on economic targets and US missions across the Middle East on March 3, as the US president warned it was "too late" for the Islamic republic to seek talks to escape the war. As drones and missiles crashed into oil facilities and U.S. embassies in the Gulf, Washington's ally Israel bombarded targets in Iran and pushed troops deeper into Lebanon to battle the Tehran-backed militia Hezbollah." style="max-width:100%; height:auto; border-radius:6px; margin:10px 0;" loading="lazy" />
Lebanon Smoke rises from the site of an Israeli airstrike on the southern suburbs of Beirut on March 3, 2026. The Israeli military issued new evacuation orders for dozens of locations in Lebanon on March 3, including warning residents in two southern Beirut neighbourhoods to stay away from several buildings ahead of an imminent operation." style="max-width:100%; height:auto; border-radius:6px; margin:10px 0;" loading="lazy" />
Lebanon Emergency personnel work at the site of an Israeli strike on Beirut's southern suburbs, following an escalation between Hezbollah and Israel amid the U.S.-Israeli conflict with Iran, Lebanon, March 3, 2026." style="max-width:100%; height:auto; border-radius:6px; margin:10px 0;" loading="lazy" />
Lebanon Rescuers gather at the site of an Israeli airstrike that targeted the Jamaa Islamiya offices in the southern Lebanese coastal city of Sidon on March 3, 2026." style="max-width:100%; height:auto; border-radius:6px; margin:10px 0;" loading="lazy" />
United Arab Emirates Tankers are seen off the coast of the Fujairah, as Iran vows to close the Strait of Hormuz, amid the U.S.-Israel conflict with Iran, in Fujairah, United Arab Emirates, March 3, 2026." style="max-width:100%; height:auto; border-radius:6px; margin:10px 0;" loading="lazy" />
See how the Iran war's fallout is hitting the Middle East
See how Middle Eastern countries are caught in the crossfire of thewar launched by the United States and Israel against Iran.BahrainSmoke rises in the sky after blasts were heard in Manama, Bahrain, Feb. 28, 2026.
Gasoline jumps nearly 27 cents on average: AAA
Less than a week into the war,AAA announced on March5 the national average for a gallon of regular gasoline jumped up to $3.25, nearly 27 cents higher than last week.
Prices usually rise in the spring with demand, but the price per gallon now is at the same level as it was in early April 2025. At the same time a year ago, the national average per gallon was $3.107, per AAA.
Crude oil prices are also up. On March 5, West Texas oilcost $79.62 per barrel,up 6.64%.
Contributing: Medora Lee, USA TODAY
Kinsey Crowley is the Trump Connect reporter for the USA TODAY Network. Reach her at KCrowley@usatodayco.com. Follow her onX (Twitter),BlueskyandTikTok.
This article originally appeared on USA TODAY:Trump on gas prices is not concerned. How much has it increased so far?
PresidentDonald Trumpacknowledged thatoil and gas pricesmay go up, and less than a week into thewar in Iran,they already ...
