PERSPECTA

News from every angle

Business Insider

Sky-high gas prices are already hitting the economy

Gas prices across America rose quickly amid growing tension in the Middle East, according to AAA. FREDERIC J. BROWN/AFP via Getty Images This post originally appeared in the BI Today newsletter. You can sign up for Business Insider's daily newsletter here. Pump problems Surging gas prices are already wreaking havoc on the economy. The Iran war has sent oil prices skyrocketing, with the impact being acutely felt at the pump. The average price of gasoline jumped to $3.63 a gallon on Friday, a...