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Oil Prices Drop Ahead of July Travel | Annapolis News
Oil prices are falling to a four-month low thanks to progress in Iran negotiations and reopened shipping lanes through the Strait of Hormuz—bringing potential savings to gas pumps in the next 4-6 weeks, just in time for the Fourth of July travel rush. Lower energy costs could help ease inflation and give the Fed room to cut rates, boosting the economy. A major tax package signed a year ago is credited with preventing hikes and offering relief, while AI is seen as a productivity engine that could create new opportunities—if balanced with smart, non-stifling regulation. Listen in comfort:Get a…
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