Will gas dip below $3 a gallon this year? Here's what experts think.
Quick Insights
The Bottom Line
Experts believe U.S. gas prices may not dip below $3 a gallon this year due to the war in Iran.
How This Affects You
You will likely continue to face elevated fuel costs for an extended period, as gas prices are not expected to drop below $3 a gallon.
AI Summary
Economists and energy experts believe U.S. gas prices may not dip below $3 a gallon this year. They indicate it could take months for prices to return to pre-war levels following the outbreak of war in Iran. This suggests consumers will likely continue to face elevated fuel costs for an extended period. The ongoing conflict is a significant factor preventing a near-term decrease in gas prices.
Following this story?
Get notified when new coverage appears
This article is part of a story we're tracking:
Should this be getting more attention?
You Might Have Missed
Related stories from different sources and perspectives
FinanceUS energy chief says gas prices could stay above $3 per gallon until next year - Reuters
<a href="https://news.google.com/rss/articles/CBMiyAFBVV95cUxOOHRvSkI2SmpWS2Y3cnJKZHhTamdOdnN0MU5LbVd1WWVMV2dBX2QwcTFjczl1dzRuUkt1Qzd3NXZiR2VuRVlELW9BZWwtSUlQVFpfVFFIMXdqYm9HMGRTUmRYRUYyNFNlZTRfWkZMU2Jfc1l3Nl9VN0J0dlV2YmFueGtLV2lvZGVkUDRiSGNmMUNhci03bjZrZ0VJa2tuTng5QTBxX0NSblBaX3pyVnNKNTVPRXNudlcwVTRPQ0RfMHVINXpjcDRfcQ?oc=5" target="_blank">US energy chief says gas prices could stay above $3 per gallon until next year</a> <font color="#6f6f6f">Reuters</font>
FinanceGasoline could drop below $4 in coming days
Gasoline costs should start to fall soon, although a full recovery to pre-war prices is expected to take months. That's assuming that peace holds and traffic flows resume through the Strait of Hormuz.<br><br>
FinanceGas prices start to show signs of dropping
After weeks of enduring high gas prices, drivers appear to be seeing some relief at the pump. Patrick De Haan, the head of petroleum analysis for GasBuddy, joins "The Daily Report" with more.
GlobalThe 27-Year-Old Diplomat Waging Trump’s Cultural War With Europe - The New York Times
<a href="https://news.google.com/rss/articles/CBMifEFVX3lxTE5pMDR2aHhkMl9ldThnSEZnaWdOU0VEZDZVbzZqLS14TnFKdEZVUkxYWm4xZXA2M3ZrT1JZdGZKQldRN2l0LVlxT1c3OHViNlFJY0VzUG1UUjltc1U5eDMxQTlzQzBXakhfSTZOZEo2dWFsOUhTZ0x4eWlhWjM?oc=5" target="_blank">The 27-Year-Old Diplomat Waging Trump’s Cultural War With Europe</a> <font color="#6f6f6f">The New York Times</font>
PoliticsIn Phoenix, Trump Eyes Lower Gas Prices and Frets About the Midterms
President Trump told a crowd of supporters that the price of oil and gas was coming down, part of an effort in recent days to present a rosier picture of the nearly two-month-long Iran war.
PoliticsTrump to promote tax breaks in Las Vegas, where residents feel the pinch of high gas prices - AP News
<a href="https://news.google.com/rss/articles/CBMikwFBVV95cUxPMU04U0NWbXVqWnM0LVhoRENEWUdDdDFabTROYWgtc2p1NVA0QkdZU19kaFM0SDhDVHV1a0JwazdqRjBsREw1TDJJRXdKV3hvSjc4RnVhejAyZVZvSGF0bDVxR2g5THhlYnhZODJBa044bDRQN1RINFdYZUl3YUJsMjI0V1ZzMlRRRVE2bE9nWERWbHc?oc=5" target="_blank">Trump to promote tax breaks in Las Vegas, where residents feel the pinch of high gas prices</a> <font color="#6f6f6f">AP News</font>
Here's how tariff refunds for businesses will work following Supreme Court ruling
The U.S. government could be on the hook for up to $175 billion in reimbursements after the Supreme Court ruled most of the Trump administration's sweeping tariffs were illegal. On Monday, the government is set to start processing tariff refunds for businesses that request them. Jo Ling Kent explains.
Did this story change how you see things?
Stories like this only matter when people see them. Help us get verified journalism in front of more eyes.
The Verity Ledger curates verified investigative journalism from trusted sources only.
See our sourcesMost Read This Week
Report: Merck’s blockbuster cancer drug topped $200,000 a year under Trump
White House ramps up pressure to pass crypto bill as Congress returns
One in three Americans forced to make financial sacrifices for health coverage
Tanzania investigates death of American social media influencer - Reuters
Airline mega-merger story is all about Trump
