Oil shock lingers: summer gas prices likely to stay high
TL;DR Summary
Oil prices and gasoline costs are expected to stay elevated through the summer and possibly longer due to continued Iran-related disruptions, damage to energy infrastructure, and the winding down of SPR releases; even a rapid end to the war wouldn't immediately restore prewar production, risking persistent inflation and slower growth.
Topics:business#business#gas-prices#iran-war#oil-prices#strait-of-hormuz#strategic-petroleum-reserve
- Trump has locked in high gas prices for summer — and maybe longer Salon.com
- Most in new poll expect gas prices to keep rising The Hill
- Only 17% Say Trump's Republican-Led War With Iran Will Make Gas Prices Cheaper Yahoo
- US gas prices continue slow fall, but escalating conflict threatens ceasefire with Iran KING5.com
- Rochester gas prices fall below $4/gallon for the first time in more than a month KTTC
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