Oil is nearing prewar prices. Why hasn’t gasoline followed suit?

Oil is nearing prewar prices. Why hasn’t gasoline followed suit?

With oil prices climbing back to prewar levels following a U.S.-Iran agreement to end their conflict, gasoline prices haven't seen the same relief. Analysts suggest that while the global supply chain is stabilizing, gas station owners are dragging their feet on passing on these savings to consumers. President Trump has criticized oil companies for price gouging, but it's actually local stations that are hesitant to drop prices. This discrepancy highlights the complex dynamics between global oil markets and local fuel pricing.

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