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Gas Prices and Global Oil Volatility | Odessa News
Gas prices could drop to $2.50 a gallon if the U.S. strikes a deal with Iran — but reality’s more complicated. Refineries are maxed out, new ones haven’t been built in 40 years, and demand keeps climbing. Companies like Marathon and Valero are raking in record profits amid tight supply, while EV pushbacks and Middle East turmoil keep prices volatile — swinging from $70 to over $90 per barrel. Despite market highs, investors remain cautious, especially with 23,000 jobs lost and midterm elections looming — all while gas stays stubbornly expensive. Listen in comfort:Get a discount on a Soli…
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