Gas prices are fixed after Iran stopped despite the doubtful warnings of $ 8/Galon in California

Brent crude opened on Thursday at a price of $ 67.83 a barrel, a decrease of more than $ 13 from the highest level from 81 dollars last week, after merchants decided that the ceasefire in Iran, Israel, would keep the hormone strait open.

US President Donald Trump follows a message to all points on oil prices on Monday, less than one day of us and Israeli The forces hit Three Iranian nuclear sites. “Everyone, keep oil prices. I’m watching!” Trump wrote on his social media platform Social truth. “Drink, darling, potholes !!! I mean now !!!”

Brent attacks were sent briefly, the price of standard oil in the world, above $ 81 barrels. Traders led this price to the seventies of the last century after Iran Retire The United States by firing missiles at an American military base in Qatar, is a relatively limited response.

What does oil prices mean for drivers?

Raw oil is a little more than half the cost What drivers Pay in the gas pump, and Analysts say Each height of $ 10 in oil prices usually provokes the weight of the average price of gasoline in the United States by 20 to 25 cents per gallon. As of June 26, AAA puts National average For regular gasoline at $ 3.22 a gallon with diesel fuel at $ 3.72.

A week ago, regular gasoline reached $ 3.14 per gallon, so tensions dealt with 8 cents. California residents pay more than $ 4.62, while drivers in Texas have the lowest average price in the state at about $ 2.85. CNET will track the daily AAA averages and the main market standards as long as facing Iran threatens fuel costs.

Analysts warn that Golden State can be a wild card. If the Bay Area area refineries are converted into renewable fuel production next year, the local offer may be tightened enough to pay prices “up to $ 8 per gallon,” according to A. Modern report The correction was martyred. But state officials say that this number is false, noting that The projection comes From an industry analysis, with no transparent modeling. Economists in Stanford release any “indoor” refining stumbling block.

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If Tehran is for some reason, it follows threats to close the Strait of Hermeos at the level of 21 miles, Who carries Nearly 20 % of the world oil, Goldman Sachs It warns that the price of Brent crude may jump over $ 110, a level that is likely to pay the price of the American average pump more than $ 4. Traders are first sculpted oil on fears that Iran will close the Strait of Hormuz, which is the most crowded oil points in the world.

Prices sank after Iran’s limited retaliation struck an American base in Qatar, spares tankers and energy facilities, and remained soft and kept a ceasefire. If a carrier or a hierarchical tanker is partially banned, experts say supplies can get almost narrow immediately.

So far, the Opec Plus oil coalition has not been called an emergency meeting. Russian President Vladimir Putin He says the group does not need to act, and the Kingdom of Saudi Arabia Energy Minister He says the country will wait to find out what the market is already doing. The administration can take advantage of strategic oil reserves if Iran disrupts oil flows, but no steps have been taken yet.