Analysts predict no US petrol price drop until 2027
Summary
Gasoline prices in the US are expected to stay high, with no drop below 79 cents per litre until 2027. Experts say this is because world oil supplies will take over a year to recover due to problems caused by the war involving Iran.Key Facts
- US drivers might not see gas prices below 79 cents per litre until 2027.
- Patrick De Haan is the Head of Petroleum Analysis at GasBuddy.
- He predicts long recovery times for global oil supplies.
- The supply issues are linked to disruptions from the war involving Iran.
- Gas prices are affected by global oil inventory levels.
- Current conflicts have caused delays in oil availability worldwide.
- The petroleum market may remain tight for several years.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.