U.S. Gasoline Holds at $4.49 as Crude Oil Slides to $89.41

5 articles · Updated · investinglive.com · May 26

$4.49 a gallon was the AAA national gasoline average, down slightly from recent highs near $4.54 but still up from $4.10 a month ago and $3.18 a year ago.
$89.41 a barrel marked a fresh low for crude oil, with the report saying prices should fall further once the strait reopens and consumers would feel cheaper fuel right away.
That pullback followed earlier optimism around a possible U.S.-Iran agreement, which had already pushed the national gasoline average down to $4.45 in a prior report.
Even with the latest dip, gasoline remains elevated versus recent history, leaving the speed and durability of any pump-price decline tied to whether lower oil prices hold.

If a deal is signed, why do experts still predict a long-term drop in oil prices?

With peace talks and military strikes occurring simultaneously, is a stable oil price even possible?

Beyond oil, how does the Strait of Hormuz crisis threaten the world's food and fertilizer supply?