Why Summer Gas Prices Are Cheap Even with Conflict in the Middle East

For a decade, Americans have braced for higher gas prices when the summer driving season kicks off, or when bombs start dropping in the Middle East. Yet both happened at the start of this summer, with the Iran-Israel conflict heating up and the U.S. bombing Iran right as Americans get ready to hit the road. But gas prices are cheap – with a national average of about $3.20 a gallon, down over 8% from last year -- and may stay that way for a while.

David Holt, President of Consumer Energy Alliance (CEA), can provide insight as to why that may be the new normal for the U.S. David can provide expe...