Iran ceasefire could ease U.S. gas prices, but relief hinges on oil markets
A CBS MoneyWatch report says the U.S.-Iran ceasefire could eventually bring gas-price relief, but any drop may be slow and uncertain. The national average sits around $4.16 per gallon with some states above $5, and a few-cent decline could begin this weekend if the truce holds—yet prices could rebound if tensions flare or the deal unravels. If oil stabilizes near $90 a barrel in the coming weeks, gas prices may drift toward about $3.75 per gallon, and by year-end around $3.50, though sub-$3 is unlikely; much depends on global energy-market confidence and the safety of passing through the Strait of Hormuz.
