00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Gas prices remain elevated after a U.S.-Iran truce, with experts saying relief at the pump
00:07may take weeks even as oil prices fall, according to CBS News. The national average rose to $4.16
00:12per gallon, up from 2.98 before the conflict and up 91 cents year over year, while diesel
00:17averaged 5.67 and some states exceeded $5. Gas buddies Patrick DeHaan said prices could begin
00:23falling within days but may take weeks to drop below $4. He said gas prices could rise again
00:28if the ceasefire breaks down and conflict escalates. Global oil prices fell below $95 per barrel
00:33but remained well above the $65 to $75 of range seen before the conflict in late February.
00:39Analysts said any decline depends on stability in the Strait of Hormuz, where tensions and
00:43conflicting reports on tanker traffic persist. For all things money, visit Benzinga.com.
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