Luis Gueits, president of the Association of Gasoline Retailers, stated on September 2, 2026, that gasoline prices in Puerto Rico have begun to increase due to the escalation of the conflict between the United States and Iran. ^[1] The president of the Puerto Rico Gasoline Retailers Association stated on 2026-04-12 that gasoline prices in Puerto Rico are expected to increase starting Wednesday due to international market volatility. ^[2] Data from the Department of Consumer Affairs (DACO) confirms that regular gasoline prices reached up to $1.12 per liter and diesel prices exceeded $1.40 per liter as of September 2, 2026. ^[3] Luis Gueits expressed concern that the Strait of Hormuz, a maritime route transporting nearly 20% of the world's oil, may not allow crude oil to pass safely. ^[4] The president of the Puerto Rico Gasoline Retailers Association argued that the Department of Consumer Affairs (DACO) should not freeze profit margins because the situation is a global phenomenon rather than a local emergency. ^[5] The president of the Puerto Rico Gasoline Retailers Association said that rising prices are caused by tensions between the United States and Iran and difficulties in maritime transit through the Strait of Hormuz. ^[6] The West Texas Intermediate (WTI) oil price was trading around $90 per barrel at 4:00 PM on Tuesday, according to the association president. ^[7]