Get used to higher gas prices this year

Even if the Iran conflict ended now and the Strait of Hormuz fully opened, don't look for a quick return to pre-war gas prices.Why it matters: Costlier fill-ups are the most direct and visible economic effect of the war for many Americans, and could sway midterm election races.Driving the news: Energy Secretary Chris Wright told CNN Sunday that gas might not drop all the way down to the pre-war level — just under $3 per gallon — until next year.But President Trump appeared to contradict him in c...