Filling up your car won’t feel normal until next summer, S&P says

Gas prices might remain high well into next summer due to the ongoing disruptions in the oil market, which have been exacerbated by tensions between the U.S. and Iran. A ceasefire could potentially restore normalcy, but the transition to a fully stabilized market will take considerable time. This situation underscores the fragile nature of global oil supply chains and highlights the economic impact of geopolitical conflicts, affecting everything from daily commutes to broader economic trends.