San Antonio Produce Company Watches Fuel Markets
A San Antonio produce company reports monitoring fuel markets closely amid the war in Iran, anticipating higher operational costs.
The war in Iran has caused a sharp increase in fuel prices, impacting various sectors, including the produce industry. The average price for a gallon of gas was around $3.50 as of March 9, 2026. Diesel prices have also skyrocketed, rising nearly 89 cents in a week to $4.66 a gallon. This surge is due to the disruption of oil flow through the Strait of Hormuz, a critical channel connecting the Persian Gulf to the Gulf of Oman and the Arabian Sea. The Strait is a key oil export corridor, and its disruption has driven up airline costs, pushed fares higher, and deepened concerns about a broader hit to travel demand. Some airlines have already raised fares or added fuel surcharges. The increase in fuel prices is expected to affect grocery bills for American consumers, as higher transportation costs for businesses may be passed on to consumers. Some experts predict gasoline prices could increase to between $3.50 and $3.65 per gallon before stabilizing. If the war continues and the Strait of Hormuz remains closed, oil prices could surpass $100 per barrel.
