The Iran war's economic fallout could worsen if the conflict continues, according to economic analysts. They predict that cuts to Medicaid could force many hospitals to cut services or shut down. The American Automobile Association reported that average U.S. gasoline prices have hit $4 a gallon, as global oil prices continue to rise. The war's disruption could occur over weeks and months, leaving few parts of the global economy untouched. Higher oil prices are expected to increase costs throughout the economy as the expense of transporting goods, raw materials and packaging costs also increases. Analysts predict that the average annual rate of US inflation will be around 3%, compared to the Fed's 2% target. Over 400 hospitals across the country are at high risk of closing or cutting services due to President Trump's "big, beautiful bill". The cuts could make it harder for millions of people to get health care and put thousands of health care workers at risk.