鈥淧eople are still prioritizing the travel itself,鈥 said Kellan Howell, a spokeswoman for the motor club. 鈥淭aking vacations, taking those trips, is still really important to a lot of Americans.鈥
Oil prices, which play a big role in the cost of gasoline, jumped sharply after Israel attacked Iran, with the global oil price, known as Brent, jumping about 7 percent. But those prices fell this week and are more or less back to where they were before the attack. Brent was trading around $67 a barrel on Wednesday.
鈥淎ssuming the cease-fire holds, there鈥檚 no resumption of conflict, the gasoline prices should remain where they are,鈥 said Robert McNally, an energy adviser to President George W. Bush who is now president of Rapidan Energy Group, a Washington research firm.
鈥淧resident Trump desperately wants to avoid an oil price spike and just close down the war,鈥 Mr. McNally added.
Even with the sudden increase this month, oil is trading roughly in line with previous summers. This year, the cost of crude oil had been kept low in part because the OPEC Plus oil cartel has announced plans to increase production.