US gas prices higher than normal and won’t fall to pre-Iran-war levels until end of fall: experts
AI Summary
Gas prices remain significantly elevated, hovering 30 to 50 cents higher than typical levels, despite a sharp drop in oil prices. Experts attribute this to ongoing supply chain disruptions and other factors stemming from the recent war in Iran. This means drivers can expect to continue paying more at the pump until at least the end of fall. The prolonged spike in gas prices has major implications for consumers and the economy, as it can lead to increased costs for transportation and related expenses.
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