MADISON, Wis. (WRN) — News of an agreement to end President Trump’s war with Iran is good news for motorists.
Nick Jarmusz with Triple-A Wisconsin notes prices at the pump were already trending down.
“We’ve actually been seeing exactly a month-long trend of lower prices, dropping just a couple of cents each day. But we’re down about 72 cents from the peak that we saw back in May on the 15th,” Jarmusz said.
Reopening the Strait of Hormuz should continue the downward direction.
“But at what point it really accelerates and begins to bring us closer to where prices were before this all started is very difficult to say at this point, Jarmusz said.
Jarmusz notes gas prices are still about a dollar per gallon below where they were in June of 2022, their all-time high.
