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Gas Prices Dip But Stay High

Gas Prices Dip But Stay High

Published 6 days, 13 hours ago
Description

Gas prices just dipped nearly 17 cents nationwide, now averaging $4.35 a gallon — still way up from pre-war levels. California’s still over $6, while Indiana stays under $4. The drop? Thanks to easing crude prices and hopeful ceasefire talks that could reopen the Strait of Hormuz, a vital oil chokepoint shut down since February. But don’t expect a quick fix — analysts say full recovery could take over a year, and some predict prices won’t return to pre-war levels until late 2027. Meanwhile, summer driving demand is pushing prices up again, making cheap gas feel like a distant memory.

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