It can take months for oil prices to fall — if they ever do.
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Even with the makings of a deal to end the Iran war, gas and airfare will take longer to return to pre-war levels — if they ever do.
Why it matters: Americans are feeling pain at the pump and on travel booking sites, frustrating President Trump as the midterms draw near.
The big picture: Oil prices can rise quickly and dramatically when headline-grabbing events like war or hurricanes threaten global supplies.
When Will Gasoline Prices Return to Pre-War Levels? | OilPrice.com
When Will Gasoline Prices Return To Pre-War Levels?
Trump is frustrated gasoline prices don't mirror oil's decline. Experts say it’s not that simple
Travelers unlikely to see immediate relief in airfare after Iran war deal
Pain at the pump is easing with a possible Iran deal, but your summer travel is still going to cost you.
Consumers have a long road ahead even if a U.S.-Iran peace deal actually happens this time.
People around the world may be wondering how soon prices will drop for gasoline, groceries, flights and other items that got more…
The securing of a U.S.-Iran agreement, and its emphasis on the full reopening of the Strait, has offered some reassurance, but…
Pump prices will likely remain higher than pre-war levels for some time.
Even if the war ends now, it will take months for prices to come down
