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Oil Drops But Gas Prices Stay High | Durham News
Oil prices nosedived July 27th, but gas station prices stayed stubbornly high—thanks to geopolitical tension simmering between the U.S. and Iran. Despite Trump hinting at possible military action if diplomacy stalls, traders are holding off, fearing a sudden escalation. Economists like Arlan Suderman note investors are hoping for peace, but fuel retailers aren’t rushing to cut costs amid ongoing volatility. Diplomatic talks, mediated by Pakistan, are stuck on shipping fees through a key strait, keeping energy stocks down and leaving drivers stuck paying premium prices for now. Listen in…
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