Pump prices will likely remain higher than pre-war levels for some time.

As of Monday morning, the average price of a gallon of gas in the US was $4.06, down from over $4.50 at the peak of the US-Iran war.

US gas prices fell below $4 per gallon as the Strait of Hormuz reopened under a US-Iran peace deal. Brent crude dropped 11%, and Bitcoin rallied on the