{"id":801,"date":"2026-05-27T23:04:41","date_gmt":"2026-05-27T23:04:41","guid":{"rendered":"https:\/\/arizonamovinginsider.com\/?p=801"},"modified":"2026-05-27T23:04:41","modified_gmt":"2026-05-27T23:04:41","slug":"gas-prices-fall-amid-us-iran-ceasefire-but-significant-relief-at-the-pump-still-weeks-away","status":"publish","type":"post","link":"https:\/\/arizonamovinginsider.com\/?p=801","title":{"rendered":"Gas prices fall amid US-Iran ceasefire, but significant relief at the pump still weeks away"},"content":{"rendered":"<div>\n<div>\n<div>\n<p>Falling oil prices are pushing stocks near record highs, but drivers shouldn&#8217;t expect significant relief at the gas pump just yet.<\/p>\n<p>Read more <a href=\"https:\/\/arizonamovinginsider.com\/?p=799\">Deals, freebies, events and more to celebrate \u2018602 Day\u2019 on June 2<\/a><\/p>\n<p>The average fuel price in the U.S. is hovering around $4.47 per gallon, down from about $4.50 two weeks ago. Experts say the decline will be slow, as the gas Americans buy today is refined from crude oil purchased weeks ago at a more expensive price. Even though oil prices have fallen to under $90 per barrel, that effect won&#8217;t be felt for at least a few weeks.<\/p>\n<p>Investors are watching energy markets closely as crude oil prices drop amid the fragile ceasefire between the United States and Iran.<\/p>\n<p><b>RELATED STORY | <\/b><b>Market rebound: Why some stocks are looking past the Iran war<\/b><\/p>\n<p>The U.S.-Iran ceasefire is holding, but the Strait of Hormuz remains closed. The International Energy Agency says 20 million barrels of crude oil were shipped through the strait in 2025, making up about 25% of the world&#8217;s seaborne oil.<\/p>\n<p>Reuters has reported that Iranian state television says, per a framework deal with the U.S., Iran will restore commercial traffic within a month to pre-war levels and will manage ship traffic through the strait.<\/p>\n<p>Read more <a href=\"https:\/\/arizonamovinginsider.com\/?p=797\">Typical CEO pay climbs nearly 6% in 2025 as median reaches $17.7 million<\/a><\/p>\n<p><b>IN CASE YOU MISSED IT | <\/b><b>Oil companies look beyond Middle East for new supply sources<\/b><\/p>\n<p>Secretary of State Marco Rubio says it is critical that the strait be reopened soon.<\/p>\n<p>&#8220;What&#8217;s happening there is unlawful,&#8221; Rubio said. &#8220;It&#8217;s illegal. It&#8217;s unsustainable for the world. It&#8217;s unacceptable. The straits need to be open, unimpeded, without tolls, and obviously that needs to happen immediately as soon as anything is agreed.&#8221;<\/p>\n<p>If the ceasefire holds and the Strait of Hormuz opens, more oil supply will become available \u2014 potentially even a surplus later this year that could trigger much lower gas prices.<\/p>\n<p>Read more <a href=\"https:\/\/arizonamovinginsider.com\/?p=795\">Phoenix leads nation in home price cuts as mortgage rates go higher<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices are falling, but don&#8217;t expect cheaper gas right away. Here&#8217;s why the savings take weeks to reach the pump \u2014 and what the U.S.-Iran ceasefire could mean for your wallet.<\/p>\n","protected":false},"author":1,"featured_media":800,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gas prices fall amid US-Iran ceasefire, but significant relief at the pump still weeks away - Arizona Moving Insider<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/arizonamovinginsider.com\/?p=801\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gas prices fall amid US-Iran ceasefire, but significant relief at the pump still weeks away - Arizona Moving Insider\" \/>\n<meta property=\"og:description\" content=\"Oil prices are falling, but don&#039;t expect cheaper gas right away. 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