President Donald Trump made an ALL-CAPS reversal on Iran strikes Monday morning. That sent oil prices plunging.
Sadly, your gas prices aren’t about to follow suit.
The average price of US gas is closing in on $4 a gallon, and Americans are praying for relief at the pump. Diesel has topped $5 a gallon, starting to raise prices for anything that’s shipped.
But a lot needs to happen for gas prices to sink back to the sub-$3 range from before the war: Iran needs to open the Strait of Hormuz. Oil production needs to come fully back online. And lower crude prices need