Gas prices in the U.S. could decrease as the conflict with Iran pauses, with expectations of a drop of a few cents daily. The national average for gas is currently $4.14, having risen over 70% due to the conflict. Crude oil prices have fallen sharply following the ceasefire announcement. While diesel prices remain high at around $5.54, they may not reach record levels. Experts caution that prices may not return to pre-war levels, indicating a persistent increase in fuel costs.
""I think we are likely to see that the sort of increase in fuel prices and other types of resources won't go away. It'll be a bit alleviated, but there will still be that hike in costs.""
"Gas prices were below $3 before the United States and Israel launched attacks against Iran, highlighting the significant impact of geopolitical events on fuel costs."
Read at ABC7 Chicago
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