Gas prices won't return to pre-war levels any time soon

If a U.S.-Iran peace deal actually happens this time — and that's still a big if— consumers have a long road ahead before filling up returns all the way to the good old days of early 2026.Why it matters: Even if the Strait of Hormuz opened right away, pump prices will likely remain higher — maybe a lot higher — than pre-war levels at least through the midterm elections.U.S. retail prices are tethered to global oil markets that will be in turmoil for a while.The average U.S. price for regular gas...