Gas Prices Will Stay Higher for Longer, Even if Oil Falls
- Startups
Peter Lynch- 0
- 2 minutes read
President Trump has succeeded at times in calming crude-oil markets even as the Iran war rages on. But he doesn’t have the same sway over gasoline prices, which ultimately matter more to consumers.
Despite the resumption of U.S.-Iran hostilities, U.S. benchmark crude prices are hovering around $80 a barrel. That is about 18% above where they were before the Iran war began. By contrast, gasoline prices remain 32% higher at $3.94 a gallon, according to energy data firm OPIS.
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