President Donald Trump announced Tuesday that the U.S. will extend its ceasefire deal with Iran.
But, with no signs of the war ending, experts are concerned gas prices will continue to soar.
Patrick De Haan, head of petroleum analysis at GasBuddy, said prices rising could be inevitable if the war drags on for an additional four to six weeks.
“We certainly could set new all-time records," De Haan said. "It really just depends where global demand destruction really starts to occur, which I believe probably would be around the $6 mark in the U.S.”
Oil markets continue to be volatile, and with the Strait of Hormuz getting cut off, the U.S. is experiencing upward pressure from countries in need of oil, De Haansaid.
"It's going to be a little nerve racking here in the weeks ahead," De Haan said. "Arizona relies on two areas of the country where refineries have a very distinct, and significant axis to be able to export their product."
Those areas are California and Texas, which has seen an influx in oil and gas export shipments to other countries since access through the Strait was cut-off.
As of 2025, the United States was one of the world's biggest oil exporters, supplying about 4 million barrels of crude oil per day. But, since the start of the war that number has surged to over 5.44 million barrels per day.
Arizona has some of the highest gas prices in the country, averaging roughly $4.60 per gallon as of April 22, according to estimates by the AAA.
EDITOR'S NOTE: This story has been updated to correct the spelling of Patrick De Haan's name.
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