local
Falling gas prices likely cut inflation last month but renewal of Iran war could undo progress
By Christopher Rugaber, Associated Press at KSAT 12 (ABC affiliate)
· July 13, 2026
· 4 min read
Inflation likely cooled last month as gas prices declined, providing consumers with some welcome relief even as renewed combat with Iran has sent oil prices climbing again. The government's latest inflation report, to be released Tuesday, is forecast to show that consumer prices dropped 0.2% in J...
Key takeaway The government's latest inflation report, to be released Tuesday, is forecast to show that consumer prices dropped 0.
Why this matters in The San Antonio
For San Antonio residents, a potential decline in inflation is welcome news, but the ongoing volatility in oil prices due to the Iran conflict threatens to undermine this progress. As a major transportation hub, San Antonio feels the effects of rising diesel prices, which increase shipping costs for groceries and other goods. This, in turn, can drive up prices for consumers, particularly for low-income households that spend a larger portion of their budgets on essentials. Additionally, the city's tourism industry, which is a significant contributor to the local economy, may be affected by higher air fares and hotel prices, potentially impacting visitor numbers and local businesses. As the Federal Reserve considers its next steps on interest rates, San Antonio businesses and residents will be watching closely to see how these decisions affect the local economy and their own financial stability.
About this story
Original reporting by KSAT 12 (ABC affiliate) . The San Antonio surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 13, 2026 ·
Source: KSAT 12 (ABC affiliate) ·
Reading time: 4 min
Get more The San Antonio stories like this
Free weekly briefing covering local and other local news. Curated by our editorial team. No spam.
By subscribing you agree to our privacy policy . Unsubscribe anytime.
Frequently asked about this story
What is this story about? Inflation likely cooled last month as gas prices declined, providing consumers with some welcome relief even as renewed combat with Iran has sent oil prices climbing again. The government's latest inflation report, to be released Tuesday, is forecast to show that consumer prices dropped 0.2% in J...
When was this published? This article was first published on July 13, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Christopher Rugaber, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The San Antonio, or browse our daily briefing and topic hubs .
← Back to all news
More local →
Today’s briefing
Subscribe to newsletter