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The Independentindependent.co.uk

Despite Trump’s Iran deal don’t expect gas prices to come down soon – and weather might keep them elevated (opens original article in a new tab)

TL;DR

Oil prices dropped after a U.S.-Iran peace deal, but gas prices may not decrease soon due to potential hurricane disruptions and ongoing economic concerns.

  • Oil prices dropped after U.S.-Iran peace deal to open Strait of Hormuz
  • Gas prices may fall below $3.75/gal by July 4 under optimistic timeline
  • Hurricanes could disrupt oil refineries and keep gas prices high

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