Gas prices likely to stay higher through the year amid Iran conflict

1 min read
Source: Axios
Gas prices likely to stay higher through the year amid Iran conflict
Photo: Axios
TL;DR Summary

Gasoline prices are unlikely to return quickly to pre-war levels due to ongoing Iran-related supply risks and Strait of Hormuz disruptions; analysts expect a slow decline with some regions possibly falling below $3/gal later this year, but the national average and volatility may remain elevated as markets price in extended tension and logistical bottlenecks.

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