'Not enough to trigger a recession': Oil prices hit Nebraskan's wallets amid overseas conflict
By Madison Perales
Published on March 3, 2026.
The oil prices in Nebraska have increased amid the Iran-U.S. conflict, which has led to the death of six American service members and injuries to 18 others as the US continues to strike on Iran. Oil prices have already risen by 6% since the missile strikes on Iran, with diesel prices and gasoline prices expected to move higher. The conflict is also impacting the agriculture and manufacturing industries in Nebraska, where the average gas price is around $2.2.50 per gallon. However, experts suggest that this is not enough to trigger a recession and that the oil market may begin to bounce back, but military action is still ongoing. The impact of the conflict will also impact the agricultural and manufacturing sector, with experts predicting a rise in oil prices.
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