"Wright stated, 'That could happen later this year. That might not happen until next year.' He emphasized that prices have likely peaked and will start going down, especially with a resolution of the conflict."
"Wright remarked that under $3 is 'pretty tremendous' in inflation-adjusted terms, indicating the significance of this price point in the current economic climate."
"Prices reached their highest point this year at $4.16 per gallon earlier this month and now are at $4.05, according to AAA data."
"A CBS News/YouGov poll found that 51% of adults said gasoline prices have been either 'difficult' or a 'financial hardship' for family finances."
Gas prices peaked at $4.16 per gallon earlier this month, currently at $4.05. Wright indicated that prices have likely peaked and will decrease, especially with conflict resolution. He noted that under $3 is significant in inflation-adjusted terms and highlighted the Trump administration's management of disruptions. A CBS News/YouGov poll revealed that 51% of adults find gasoline prices a financial hardship, reflecting widespread concern about fuel costs.
Read at Axios
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