Fact Check: Will Gas Prices Cost Drivers $500 More Due to Iran War?

Media Bias Fact Check (MBFC) publishes daily vetted fact checks from verified IFCN-approved sources. Each claim is independently reviewed for accuracy and context.


Claimant: Ed Markey (D)


Claim: “At a buck a gallon, every American driver is going to pay $500 more in gasoline prices at the pump this year.”


Rating: MOSTLY TRUE


Explanation: Gas prices have risen roughly $1 per gallon, and estimates suggest higher annual costs for households. However, expenses vary widely depending on driving habits and location, meaning not every driver will pay exactly $500 more.


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Date: 03/27/2026


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Last Updated on March 27, 2026 by Media Bias Fact Check