Oil is nearing prewar prices. Why hasn’t gasoline followed suit?

Source: thehill.com · Section: politics · Bias: Center-Right · Published: Sat, 27 Jun 2026 10:00:00 GMT

Oil is nearing its prewar price after the U.S. and Iran agreed to a memorandum of understanding (MOU) intended to end the conflict, but gasoline prices remain significantly elevated. While President Trump has blamed Big Oil for price “gouging,” analysts say it’s individual gas station owners that are slow to lower fuel prices. “The public...

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