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Why today’s high gas prices could take 7 years to fall

visibility comment0 event May 17, 2026 timer 18:00

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The war in Iran has driven up oil prices, which in turn has sent gas prices soaring across the country. CNN’s Krishna Andavolu and David Goldman explain why it could take years for those prices to come back down.

0:00 What does the gas supply chain look like
1:57 How much gas stations have to make to survive
6:29 The institution at the heart of oil and gas prices

Gas prices are just one cost of the Iran war.

CNN breaks down the hidden economic fallout future generations may pay: https://cnn.it/49P0R04

#Gas #Oil #Explainer

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