Gas price spikes could put a last-minute squeeze on holiday supply chains
The price of gas overall is up about 50% in the U.S. since the start of the conflict between the U.S., Iran and Israel on Feb. 28. But last week, some states started to see alarming price increases on top of that. It could put a damper on holiday preparations for both consumers and retailers.
Gasoline prices in the United States have surged by approximately 50% since the beginning of the conflict between the U.S., Iran, and Israel on February 28th. This price increase is putting a strain on holiday supply chains. In recent weeks, some states have experienced alarming price hikes on top of the overall increase. For instance, in Wisconsin, the average price of a gallon of gas rose by 61 cents in just eight days.
In Nashville, gas prices have even surpassed $4 per gallon for the first time in three months. These escalating gas prices could potentially pose a significant challenge to holiday supply chains as retailers prepare for their most critical sales period.
Written by urgent.news from Modern Retail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
