Gas prices are falling despite the Iran war's impact. Will it last?

Key points

• A drop in oil prices has delivered welcome relief at the pump.
• Gas prices are falling despite the Iran war's impact.
• A man fills up his vehicle at a gas station in Brooklyn on June 01, 2026 in New York City.
• Drivers stung by high gas prices have enjoyed some welcome relief over the last couple of weeks, even as the impact of the Iran war continues to choke off oil supply.
• The national average price of a gallon of gas stood at $4.26 on Wednesday, marking a decline of 30 cents, or 6.5%, since a recent peak on May 21. Still, prices remain well above where they clocked in before a historic oil shock set off by the war.