Experts have warned that as Iran war disrupts oil prices, consumers could be "hammed" by consumers due to longer-term inflation fears. The surge in oil prices has already raised the cost of a gallon of gas by 50 cents and could lead to inflation accelerating, potentially impacting consumer spending, GDP, and jobs. The president, however, has stated that short term oil prices are a "very small price to pay" for "safety and peace". This has led to increased inflationary pressures, which have also pushed the yield on the benchmark 10-year Treasury up more than 4 basis points to 4.173%. The Federal Reserve is set to make a decision on interest rates next week, which could impact borrowing and savings rates.