Gas Prices May Remain High Despite US-Iran Deal

“Drivers hopeful that the U.S.-Iran framework deal will translate to lower gasoline prices will probably have to wait weeks, or longer, to see meaningful improvement,” the New York Times reports.

“Energy analysts refer to the swing of prices as ‘up like a rocket, down like a feather’ — a phenomenon that means gasoline costs quickly rise alongside the price of crude oil but are slow to follow its descent.”