As talks of a deal between Washington and Tehran gained steam over the weekend, GasBuddy analyst Patrick De Haan opined on Sunday about how gas prices will fall.
Gas Prices To Plummet De Haan took to X, quoting a post by a user who predicted that gas prices would fall in the coming days following talks of a possible deal.
Read Also: Iran's Strait Of Hormuz Toll System Sparks Sanctions Push As Trump Ally Tom Cotton Reportedly Urges Scott Bessent To Act: 'Every Dollar Collected…' The analyst acknowledged that fuel prices were falling, but until a definitive agreement between the U.S. and Iran was "signed & a significant amount of ships transit through the Strait," the national average price for a gallon of gas would likely stay "well above $4." "Only once we start seeing confidence and ships move will prices plummet," De Haan said in the post.
According to data collected by the American Automobile Association (AAA), the national average price for gas fell to $4.515/gallon, with California prices still above the $6 mark at $6.111/gallon despite the decline.
Gas prices are currently falling but until we see an agreement signed & a significant amount of ships transit through the Strait, the national average price of gasoline will likely remain well above $4/gal.
