Hoping a possible peace deal will quickly bring down gas prices? It might take up to a year

NewsWorldAmericasUS politicsHoping a possible peace deal will quickly bring down gas prices? It might take up to a yearTrump’s war in Iran has seen average gas prices rocket from $3 before the conflict to $4.54 per gallonRhian Lubin in New York Thursday 07 May 2026 21:15 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookmark":true,"articleId":"b2972566","articleMeta":{"url":"https://www.independent.co.uk/news/world/americas/us-politics/iran-war-gas-prices-peace-deal-b2972566.html","title":"Hoping a possible peace deal will bring down gas prices quickly? It might take a year"}}CloseTrump shocks Fox News with prediction about midterm gas pricesSign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inboxGet our free Inside Washington emailGet our free Inside Washington emailEmail*SIGN UPI would like to be emailed about offers, events and updates from The Independent. Read our Privacy notice{"className":"sc-1ge0fwe-0","newsletterData":{"regSourceNewsletter":"NSC","regTitle":"Inside Washington","subscriptionGroup":"inside_washington","subscriptionGroupId":"af764e04-87eb-45e6-a84b-a7455ba70a1e","type":"inside_washington","pathPrefix":"/news/world/americas/us-politics","associatedAuthors":["Eric Garcia","John Bowden"],"title":"Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox","mobileTitle":"Get our free Inside Washington email","imageSrc":"https://static.independent.co.uk/static-assets/images/newsletters/insideWashington1_1.png","label":"I would like to receive morning headlines Monday - Friday plus breaking news alerts by email","newsletterKey":"receiveInsideWashingtonNews","regSourceSection":"US politics"},"isClimate":false}Even if a peace deal between Iran and the U.S. is...