US Gas Prices May Remain Elevated Into 2027 Despite End of Iran War, EIA Warns

The Department of Energy's EIA projects persistent high gasoline prices through 2026, citing complex geopolitical factors like the Strait of Hormuz. Kevin Hassett, a senior U.S. advisor, warns that Iran-related policies could keep fuel costs above $4 per gallon, contrary to optimistic claims from officials. Investors and consumers should monitor ongoing tensions and policy decisions, as these will influence future fuel prices and household budgets.