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Experts urge factoring fuel costs as gas prices climb

financeApr 22, 20262034

Advisers are telling prospective car buyers to factor rising U.S. pump prices into new-vehicle budgets and to prioritize fuel-efficient or electric models. Analysts connect the recent price climb to geopolitical tensions with Iran, a situation that prompted conflicting statements from Donald Trump and administration adviser Chris Wright about future gas expectations. Energy analysts warn that U.S. policy tools such as price caps could backfire by lowering domestic prices, boosting demand and pushing global oil prices higher because energy markets are global.

Key Highlights

Experts advise considering fuel-efficient or electric vehicles due to rising pump prices.
Donald Trump and Chris Wright issued conflicting statements about future gas expectations.
Analysts warn U.S. price caps could boost demand and raise global oil prices.
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