Gasoline could drop below $4 in coming days

Gasoline prices are displayed outside of a Shell gas station in West Hollywood, California on April 14. Prices vary around the country, and are highest on the west coast; the nationwide average has risen by more than $1 per gallon since the start of the Iran War, but is expected to drop if a decrease in crude oil prices is sustained.

Gasoline costs should start to fall soon, although a full recovery to pre-war prices is expected to take months. That’s assuming that peace holds and traffic flows resume through the Strait of Hormuz.

(Image credit: Patrick T. Fallon)