Trump's Potential Impact on Oil Prices and Market Uncertainty
The re-election of former President Trump could benefit oil companies by rolling back regulations, but may also lead to higher gas prices if he imposes stricter sanctions on Iran, affecting global oil supply. Analysts suggest that while US refining capacity has not returned to pre-pandemic levels, potential geopolitical tensions could cause price spikes. However, gas prices are expected to remain around $3 per gallon, with possible decreases by the end of the year.