Jakarta Aktual – 16 June 2026 | Gas stations across the United States have been feeling the pinch of rising prices, with the average retail gasoline price hovering just above the psychologically significant $4-per-gallon mark. The Iran war, which began nearly four months ago, has had a ripple effect on global oil supplies, resulting in higher prices at the pump. However, with a tentative deal between the US and Iranian officials to end the war, gas prices may finally start to come down.
According to Patrick De Haan, Head of Petroleum Analysis at GasBuddy, prices across Binghamton and areas of New York have already started to decline, with a drop of about 5 cents a gallon in the last week and 20 cents a gallon in the last month. If the deal goes through, De Haan expects stations to start lowering prices as early as 24 to 48 hours after.
However, getting back to pre-war price tags could take up to a year, with gas prices still $1.25 more in Binghamton compared to last year. Giovanni Scraringi, a SUNY Broome economics professor, noted that Brent Crude’s recent highs were around $110 and dropped about $30 a gallon, roughly 25%. The cost of oil contributes to over half the cost of a gallon of gas, according to the US Energy Information Administration.
In the meantime, gas stations near Detroit Metro Airport are under investigation for price gouging. A staff member with the Michigan Attorney General’s office purchased fuel for $5.24 per gallon, which is a staggering 72% more than competitors. The department has continued to monitor prices at the station, finding a disparity ranging from 22% to 72% more than competitors.
Additionally, a string of armed robberies at gas stations in NW OKC has led to the arrest of a suspect. Police say the suspect robbed three other locations before returning to his apartment, where he was eventually apprehended.
The impact of rising gas prices is being felt across the country, with families struggling to make ends meet. Attorney General Nessel has vowed to pursue those who engage in illegal price gouging to the fullest extent of the law.
In conclusion, the future of gas prices remains uncertain, but one thing is clear: a US-Iran peace deal could bring much-needed relief to consumers. As the situation continues to unfold, it’s essential to stay informed and adapt to the changing market.
