. The conflict has not significantly impacted gasoline prices in the U.S. due to a combination of factors such as lower demand during the summer months, as well as high inventories of crude oil. Despite the war, global oil prices have actually been falling since peaking in mid-July. Factors such as a stronger U.S. dollar and weaker global demand for oil are likely to keep U.S. gas prices low in the near future. Additionally, OPEC has said it would increase output to counterbalance economic turmoil, which could cause further drops in the global oil market.
U.S. gas prices are likely to keep falling despite the Israel-Hamas war, analysts say
