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US-Iran War: Why Gas Prices May Remain High After Conflict? | World Business Watch

Fuel prices do not fall as quickly as they rise. Even if tensions in West Asia ease and supply routes reopen, consumers may not see immediate relief at the pump. Oil markets respond to supply shocks rapidly, but retail fuel prices adjust more slowly due to refining, transport costs and pricing mechanisms. This lag means falling crude prices do not instantly translate into cheaper petrol or diesel. The result is a familiar pattern where prices rise like rockets but fall like feathers.