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A Return to $3 Gasoline? Here’s What It Will Take
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A Return to $3 Gasoline? Here’s What It Will Take

Bloomberg Markets · Jun 18, 2026, 5:04 PM

Oil prices have plummeted following news of a US-Iran deal that is meant to reopen the Strait of Hormuz, but US drivers probably will have to wait a while for cheaper gasoline. Traders and analysts say that prices are unlikely to fall to pre-crisis levels until stockpiles of crude oil and gasoline a

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