Gas prices unlikely to drop soon as Iran conflict pressures oil markets
TL;DR Summary
US Energy Secretary says there are no guarantees gas prices will fall soon amid Iran-related disruption in the Strait of Hormuz, with the EIA forecasting prices won’t return to prewar levels before 2027; the national average rose to about $3.70 per gallon as oil prices climb and production restarts lag.
- Trump's energy chief: "No guarantees" gas prices will fall in weeks Axios
- US officials predict quick end to Iran war, while Tehran says it can outlast foes Reuters
- Oil Prices May Not Fall Soon, U.S. Energy Secretary Says The New York Times
- Energy secretary says Americans could feel relief on gas prices 'in a few more weeks' NBC News
- Energy Secretary Wright says war with Iran ‘will certainly’ end in next few weeks abcnews.com
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