Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you.
Posted on 06/15/2026 5:27:07 AM PDT by Red Badger
The national average for U.S. gasoline prices has hovered above the politically sensitive $4-per-gallon level for 76 days, or roughly 2.5 months, as the Gulf energy shock tightened physical markets and forced emergency SPR draws.
But with President Trump declaring late Sunday, just 30 minutes before NY futures opened, that a US-Iran peace deal has been secured, and with WTI and Brent futures tumbling, pressure at the pump could begin to ease in the very near term.
National gasoline prices could slip back below $4 in the coming days or weeks if the crude selloff holds and traders begin pricing in a reopening of the Strait of Hormuz. Still, normalization of crude energy flows will likely take months, if not longer, to return to pre-war levels.
As of Sunday evening, AAA data show the national average for 87-octane gasoline stands at around $4.074.
Patrick De Haan, a petroleum analyst at GasBuddy, wrote on X shortly after Trump announced the peace deal that the national average for gas could fall to $3.75 by July 4.
De Haan wrote:
The U.S. and Iran signaling a deal has been struck. The next few days will be key to see if the agreement sticks, and if traffic begins moving in the Strait. WTI crude down 5%, as more confirmations come in days ahead, national average price of gasoline may continue to fade.
Beyond that, the national average could fall below $3.75/gal by July 4, under a optimistic timeline, but hurricane season could be a major wildcard for the rest of summer- tight global inventories mean it will take months or beyond to fully restore global oil inventories.
The next several weeks will be key- one major slip up could impact greatly prices moving forward. And with so many speedbumps in this situation, it may be foolish to think this problem is now completely over. Time will tell.
Surging gas and diesel prices over the last 2.5 months have added downward pressure on consumers, especially working-class households, who were hit with sticker shock at the pump. This shift in spending patterns is a concerning trend we have meticulously detailed:
LINKS AT SITE.................
Here’s What Happened Inside Convenience Stores When Gas Hit $4
Here’s What Happened Inside Gas Stations When Gas Hit $4
Beer Demand Goes Flat As Even Alcoholics Pull Back With Gas Above $4
Energy Drinks Become Latest Casualty As Fuel Shock Shifts Consumer Behavior
Three Factors Leave Salty-Snack Demand Stale
The combination of elevated gas prices and fading tax-refund tailwinds had already begun to expose cracks in the consumer economy, particularly among lower- and middle-income households. That likely served as a warning signal for the Trump administration: resolve the Middle East conflict before worsening consumer sentiment and pain at the pump become much larger political liabilities heading into the midterms.
|
|
Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
Democrats to complain in 3..2..1
The problem is the supply takes months to ease down if at as most times the prices just goes up and stays up as these businesses are pretty greedy.
This will last only as long as Iran wants it to last — unless we move to free oil supply from the Hormuz bottleneck.
FM, a remedial reading assignment for you...
https://www.hachettebookgroup.com/titles/thomas-sowell/basic-economics/9780465056842/
This isn’t just about the mullahs.
The president’s message has been received and understood worldwide.
Trumps fault.
They already made those dollars up on the front end raising prices on oil bought at a much cheaper price.
Ah, another one.
See my reply #24. :-)
Capitalism is the most unfair, worst economic system there except for all the others.
It was already under 4 for me last week
Sowell was a globalist Free Traitor. I don’t listen or read his stuff.
SS, DD.
My wife and I were up in the Dallas and north of Dallas area this past weekend, and gas was $3.15. We even saw it at one place for $2.97. Of course, we saw that right after we’d filled up at the higher price. Oil prices are dropping now; expect the Left to be suicidal.
Just this weekend Diesel dropped 50 cents a gallon.
The world is awash in oil supply. There is just a temporary distribution problem.
I haven’t paid more than $3.50/gal for over a month
$3.55 reg where I buy down from a high of $4.08 a month or so ago (central AL).
“Above 4”? We’ve been tickling $5 for a long while now, finally down to $4.59
Filled up Saturday at $3.53. Florida Panhandle................
It’s below $4 at a QT in Mesa, which means it is lower than $4 almost everywhere but California.
(The QT at Country Club Rd and Guadalupe in Mesa is about 40 cents less, due to a price war with the Walmart down the street. QT is Top Tier. Walmart is not. QT makes it up on pretzels and ready made sandwiches) AZ has high prices due to a mandated special blend that comes from California.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.