Following a few weeks of reprieve for drivers, the U.S. national average price of gasoline could top $4 per gallon within a week, as crude oil prices rallied by about 12% in the three days since Friday amid the all-but-collapsed U.S.-Iran ceasefire.
The outlook for oil prices in the third quarter of 2026 is now highly uncertain, analysts at BMI warned in a BMI report sent to Rigzone by the Fitch Group early Wednesday.
Curious Minds Corner
What is the first oil well commonly cited as the first modern commercial well in the U.S.?